Edible Garden AG Inc’s stock (EDBL) continues to rise above its goal

Edible Garden AG Inc [EDBL] stock prices are up 2.76% to $0.22 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EDBL shares have gain 6.19% over the last week, with a monthly amount drifted -72.54%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

The stock price of Edible Garden AG Inc [EDBL] has been fluctuating between $0.19 and $13.40 over the past year. Edible Garden AG Inc [NASDAQ: EDBL] shares were valued at $0.22 at the most recent close of the market.

Analyzing the EDBL fundamentals

The Edible Garden AG Inc [NASDAQ:EDBL] reported sales of 14.77M for trailing twelve months, representing a surge of 1.11%. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -0.66%, Pretax Profit Margin comes in at -0.85%, and Net Profit Margin reading is -0.85%. To continue investigating profitability, this company’s Return on Assets is posted at -1.27, Equity is -592.0 and Total Capital is -7.67. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of11.06.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.1880 points at the first support level, and at 0.1530 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2730, and for the 2nd resistance point, it is at 0.3230.

Ratios To Look Out For

It’s worth pointing out that Edible Garden AG Inc [NASDAQ:EDBL]’s Current Ratio is 0.73. On the other hand, the Quick Ratio is 0.63, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 0.05, the price to book ratio is 1.38.

Transactions by insiders

Recent insider trading involved UBS Group AG, 10% Owner, that happened on Apr 25 ’24 when 1005.0 shares were purchased. 10% Owner, UBS Group AG completed a deal on Apr 25 ’24 to sell 30056.0 shares. Meanwhile, 10% Owner UBS Group AG sold 106.0 shares on Apr 24 ’24.

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