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EDBL Stock on the Rise: A Promising Investment

Edible Garden AG Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $89.60 on 09/01/23, and the lowest price during the same period was recorded at $4.32 on 04/15/24.

52-week price history of EDBL Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Edible Garden AG Inc’s current trading price is -90.99% away from its 52-week high, while its distance from the 52-week low is 86.81%. The stock’s price range during this period has fluctuated between $4.32 and $89.60. Shares of the company, which operates in the Consumer Defensive sector, recorded a trading volume of around 8.89 million for the day, which was evidently higher than the average daily volume of 48010.0 over the last three months.

Financial Performance and Market Capitalization

Edible Garden AG Inc (EDBL) has experienced a quarterly decline of -22.25% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.42M and boasts a workforce of 124 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 8.81, with a change in price of +0.03. Similarly, Edible Garden AG Inc recorded 116,432 in trading volume during the last 100 days, posting a change of +0.37%.

EDBL Stock Stochastic Average

Edible Garden AG Inc’s raw stochastic average for the past 50 days is currently at 53.50%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 53.50%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 22.87% and 12.88%, respectively.

EDBL Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant loss of -19.85% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -36.90%. Over the past 30 days, the price of EDBL has fallen by 26.09%. And in the last five days, it has surged by 26.79%.