Edible Garden (EDBL) Stock Price, News & Analysis

Company Overview

Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits. The company sells its products to various regional and national supermarkets. Edible Garden AG Incorporated was founded in 2020 and is based in Belvidere, New Jersey.

Key Stats

• Today's Range: $0.14 to $0.15
• 50-Day Range: $0.13 to $1.01
• 52-Week Range: $0.12 to $13.00
• Volume: 727,637 shs
• Average Volume: 1.69 million shs
• Market Capitalization: $81,180.00
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Edible Garden Stock Analysis - MarketRank™

Edible Garden scored higher than 8% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Edible Garden.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Edible Garden is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Edible Garden is -0.01, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Edible Garden has a P/B Ratio of 0.03. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

12.44% of the float of Edible Garden has been sold short.

Short Interest Ratio / Days to Cover

Edible Garden has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Edible Garden has recently increased by 58.16%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Edible Garden does not currently pay a dividend.

Dividend Growth

Edible Garden does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

12.44% of the float of Edible Garden has been sold short.

Short Interest Ratio / Days to Cover

Edible Garden has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Edible Garden has recently increased by 58.16%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.25

News Sentiment

Edible Garden has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Edible Garden this week, compared to 3 articles on an average week.

Search Interest

6 people have searched for EDBL on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

2 people have added Edible Garden to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Edible Garden insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.11% of the stock of Edible Garden is held by insiders.

Percentage Held by Institutions

Only 12.99% of the stock of Edible Garden is held by institutions.

EDBL Stock Analysis - Frequently Asked Questions

How have EDBL shares performed this year?

Edible Garden's stock was trading at $10.0680 at the start of the year. Since then, EDBL stock has decreased by 98.5% and is now trading at $0.1556.
View the best growth stocks for 2024 here.

How were Edible Garden's earnings last quarter?

Edible Garden AG Incorporated (NASDAQ:EDBL) released its quarterly earnings results on Monday, November, 13th. The company reported ($13.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($12.00) by $1.80. The firm had revenue of $3.29 million for the quarter. Edible Garden had a negative trailing twelve-month return on equity of 52,263.51% and a negative net margin of 78.61%.

When did Edible Garden's stock split?

Edible Garden shares reverse split on Friday, April 5th 2024. The 1-20 reverse split was announced on Friday, April 5th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 5th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

When did Edible Garden IPO?

Edible Garden (EDBL) raised $14 million in an initial public offering (IPO) on Thursday, May 5th 2022. The company issued 2,900,000 shares at a price of $5.00 per share. Maxim Group and Joseph Gunnar served as the underwriters for the IPO.

How do I buy shares of Edible Garden?

Shares of EDBL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Edible Garden own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Edible Garden investors own include Athenex (ATNX), AppHarvest (APPH), Aytu BioPharma (AYTU), Nemaura Medical (NMRD), Quhuo (QH), TherapeuticsMD (TXMD) and Achilles Therapeutics (ACHL).

Company Calendar

• Last Earnings: 11/13/2023
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Agricultural production - crops
• Sub-Industry: Agriculture
• Current Symbol: NASDAQ:EDBL
• CUSIP: N/A
• CIK: 1809750
• Web: www.ediblegarden.com
• Phone: 908-750-3953
• Fax: N/A
• Employees: 50
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($26.31)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-10,190,000.00
• Net Margins: -78.61%
• Pretax Margin: -86.71%
• Return on Equity: -52,263.51%
• Return on Assets: -135.27%

Debt

• Debt-to-Equity Ratio: 0.23
• Current Ratio: 1.11
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: $14.07 million
• Price / Sales: 0.01
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($1.01) per share
• Price / Book: -0.15

Miscellaneous

• Outstanding Shares: 549,000
• Free Float: 548,000
• Market Cap: $85,424.40
• Optionable: Not Optionable
• Beta: 1.90