The market performance of Edible Garden AG Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $18.00 on 09/27/23, with the lowest value for the same timeframe being $0.67, recorded on 09/25/24.
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 -97.17% away from its 52-week high, while its distance from the 52-week low is -23.87%. The stock’s price range during this period has fluctuated between $0.67 and $18.00. Shares of the company, which operates in the Consumer Defensive sector, recorded a trading volume of around 1.01 million for the day, which was evidently higher than the average daily volume of 0.48 million over the last three months.
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Financial Performance and Market Capitalization
Edible Garden AG Inc (EDBL) has experienced a quarterly decline of -60.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.61M 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 1.6998, with a change in price of -4.3999. Similarly, Edible Garden AG Inc recorded 734,663 in trading volume during the last 100 days, posting a change of -89.61%.
EDBL Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for EDBL stands at 11.08. Similarly, the long-term debt-to-equity ratio is also 1.47.
EDBL Stock Stochastic Average
Edible Garden AG Inc’s raw stochastic average for the past 50 days is currently at 0.94%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 1.47%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 1.84% and 7.09%, respectively.
EDBL Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -94.93%.However, over the last six months, we can see a stronger performance of -91.51%. Over the last 30 days, the price of EDBL has leaped by -56.77%. And in the last five days, it has fallen by -45.15%.
