Stocks of Edible Garden AG Inc (NASDAQ:EDBL) traded higher last session on Wall Street, down -11.16% to $0.19.
EDBL stock price is now -70.46% away from the 50-day moving average and -95.01% away from the 200-day moving average. The market capitalization of the company currently stands at $0.60M.
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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 $6664.63. 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 $954.75. A total of 8.15% of the company’s stock is owned by insiders.
During the past 12 months, Edible Garden AG Inc has had a low of $0.19 and a high of $13.40. As of last week, the company has a debt-to-equity ratio of 11.08, a current ratio of 0.73, and a quick ratio of 0.63. The fifty day moving average price for EDBL is $0.64672 and a two-hundred day moving average price translates $3.82713 for the stock.
The latest earnings results from Edible Garden AG Inc (NASDAQ: EDBL) was released for 2024-06-30. The net profit margin was -85.16% and return on equity was -603.21% for EDBL. The company reported revenue of $4.27 million for the quarter, compared to $4.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.11 percent.
