In yesterday’s Wall Street session, Edible Garden AG Inc (NASDAQ:EDBL) shares traded at $2.30, down -46.88% from the previous session.
EDBL stock price is now -59.56% away from the 50-day moving average and -79.93% away from the 200-day moving average. The market capitalization of the company currently stands at $1.26M.
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In other news, UBS Group AG, 10% Owner bought 1,005 shares of the company’s stock on Apr 25 ’24. The stock was bought for $6,105 at an average price of $6.07. Upon completion of the transaction, the 10% Owner now directly owns 35,077 shares in the company, valued at $80677.1. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, 10% Owner UBS Group AG sold 30,056 shares of the business’s stock. A total of $163,307 was realized by selling the stock at an average price of $5.43. This leaves the insider owning 5,025 shares of the company worth $11557.5. A total of 12.25% of the company’s stock is owned by insiders.
During the past 12 months, Edible Garden AG Inc has had a low of $3.37 and a high of $89.60. The fifty day moving average price for EDBL is $5.5967 and a two-hundred day moving average price translates $11.351575 for the stock.
The latest earnings results from Edible Garden AG Inc (NASDAQ: EDBL) was released for 2023-12-31. According to the Farm Products Company, earnings per share came in at -182.6, missing analysts’ expectations of -128.6 by -54. This compares to -$44.29 EPS in the same period last year. The net profit margin was -76.64% and return on equity was -10904.35% for EDBL. The company reported revenue of $3.13 million for the quarter, compared to $2.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.58 percent. For the current quarter, analysts expect EDBL to generate $4.43M in revenue.
