Edible Garden AG Inc (NASDAQ:EDBL) shares traded -7.26% lower at $0.30 on Wall Street last session.
EDBL stock price is now 49.98% away from the 50-day moving average and -83.32% away from the 200-day moving average. The market capitalization of the company currently stands at $5.77M.
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In other news, McConnell Mathew J., Director bought 2,013 shares of the company’s stock on Nov 27 ’24. The stock was bought for $334 at an average price of $0.17. Upon completion of the transaction, the Director now directly owns 2,153 shares in the company, valued at $645.9. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, President and CEO Kras James E. bought 22,200 shares of the business’s stock. A total of $3,756 was incurred on buying the stock at an average price of $0.17. This leaves the insider owning 36,064 shares of the company worth $10819.2. A total of 3.91% of the company’s stock is owned by insiders.
During the past 12 months, Edible Garden AG Inc has had a low of $0.12 and a high of $12.47. As of last week, the company has a debt-to-equity ratio of 0.65, a current ratio of 1.11, and a quick ratio of 0.81. The fifty day moving average price for EDBL is $0.19528 and a two-hundred day moving average price translates $1.79732 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 -86.81% and return on equity was -338.80% for EDBL. The company reported revenue of $2.58 million for the quarter, compared to $3.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.44 percent.
