The market performance of Edible Garden AG Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $12.47 on 04/17/24, with the lowest value for the same timeframe being $0.12, recorded on 11/04/24.
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 -97.30% away from its 52-week high, while its distance from the 52-week low is 176.31%. The stock’s price range during this period has fluctuated between $0.12 and $12.47. Shares of the company, which operates in the Consumer Defensive sector, recorded a trading volume of around 3.54 million for the day, which was evidently lower than the average daily volume of 17.28 million over the last three months.
Financial Performance and Market Capitalization
Edible Garden AG Inc (EDBL) has experienced a quarterly rise of 26.73% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.30M 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 0.4843, with a change in price of -0.8119. Similarly, Edible Garden AG Inc recorded 11,266,483 in trading volume during the last 100 days, posting a change of -71.22%.
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 0.65. Similarly, the long-term debt-to-equity ratio is also 0.22.
EDBL Stock Stochastic Average
Edible Garden AG Inc’s raw stochastic average for the past 50 days is currently at 49.31%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 46.81%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 46.87% and 48.81%, 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 -96.65%.However, over the last six months, we can see a stronger performance of -73.46%. Over the last 30 days, the price of EDBL has fallen by 98.53%. And in the last five days, it has surged by 41.82%.
