Edible Garden AG Incorporated (NASDAQ:EDBL) marked $0.31 per share on Wednesday, down from a previous closing price of $0.32. While Edible Garden AG Incorporated has underperformed by -4.33%, investors are advised to look at stock chart patterns for technical insight.
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Analysis of Edible Garden AG Incorporated (EDBL)
Further, the quarter-over-quarter increase in sales is 12.00%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Edible Garden AG Incorporated’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 149.68K can be a very valuable indicator of volatility for EDBL stock. On a monthly basis, the volatility of the stock is set at 23.05%, whereas on a weekly basis, it is put at 17.65%, with a loss of -12.93% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.00, showing growth from the present price of $0.31, which can serve as yet another indication of whether EDBL is worth investing in or should be passed over.
How Do You Analyze Edible Garden AG Incorporated Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 31.90%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 2.50% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in EDBL shares?
The recent increase in stakes in EDBL appears to be a result of several institutional investors and hedge funds increasing their positions. Bard Associates, Inc.’s position in EDBL has decreased by -0.82% in the first quarter. The company now owns 180,875 shares of the stock, with a value of $0.1 million, following the sale of -1,500 additional shares during the last quarter. During the last quarter, the company dropped down 22,634 additional shares for a total stake of worth $12901.0, bringing number of shares owned by the company to 22,634.
At the end of the first quarter, UBS Securities LLC increased its EDBL holdings by 490.33% and now holds 9711.0 EDBL shares valued at $5535.0 with the added 8066.0 shares during the period. EDBL shares are owned by institutional investors to the tune of 2.50% at present.