Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Edible Garden AG Inc’s current trading price is -97.75% away from its 52-week high, while its distance from the 52-week low is 129.51%. The stock’s price range over this period has fluctuated between $0.12 and $12.47. The company, operating within the financial sector, had a trading volume of approximately 4.63 million for the day, which was noticeably lower than the average daily share volume of 18.7 million over the last 3 months.
Edible Garden AG Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $12.47 on 04/17/24, while the lowest value for the same period was recorded at $0.12 on 11/04/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Edible Garden AG Inc (EDBL) has experienced a quarterly rise of 31.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.47M and boasts a workforce of 124 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3766, with a change in price of -0.9100. Similarly, Edible Garden AG Inc recorded 11,902,824 in trading volume during the last 100 days, posting a change of -76.47%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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
Today, Edible Garden AG Inc’s raw stochastic average for the past 50 days stands at 36.89%, indicating a rise from the raw stochastic average of the last 20 days, which was 34.67%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 27.19% and 24.44% respectively.
EDBL Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price loss of -12.91% this year. Over the last six months, there has been a stronger performance of -79.71%. The price of EDBL fallen by 89.19% during the last 30 days period. For the last 5-days stocks have slided -7.65%.
