The Psychology of Edible Garden AG Inc Inc. (EDBL) Price Performance: Understanding Market Sentiment

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The index has shown a price loss of -82.52% this year. Over the last six months, there has been a stronger performance of -83.36%. The price of EDBL leaped by -62.55% during the last 30 days period. For the last 5-days stocks have improved 6.02%.

Edible Garden AG Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $89.60 on 09/01/23, while the lowest price for the same period was registered at $1.60 on 06/04/24.

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52-week price history of EDBL Stock

Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Edible Garden AG Inc’s current trading price is -98.04% away from its 52-week high, while its distance from the 52-week low is 10.00%. The stock’s price range during this time has been between $1.60 and $89.60. The trading volume for the Consumer Defensive sector company’s shares reached about 0.55 million for the day, which was lower than the average daily volume of 1.17 million over the last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Edible Garden AG Inc (EDBL) has experienced a quarterly decline of -76.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.63M and boasts a workforce of 124 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 6.4893, with a change in price of -8.2960. Similarly, Edible Garden AG Inc recorded 754,485 in trading volume during the last 100 days, posting a change of -82.50%.

EDBL Stock Stochastic Average

Today, Edible Garden AG Inc’s raw stochastic average for the past 50 days stands at 1.47%, indicating a decline from the raw stochastic average of the last 20 days, which was 2.11%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 3.29% and 2.41% respectively.

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