Edible Garden AG Incorporated’s latest rating changes from various analysts


In a filing, Edible Garden AG Incorporated revealed its Director DonAroma Pamela acquired Company’s shares for reported $1510.0 on Jun 02. In the deal valued at $1.51 per share,1,000 shares were bought. As a result of this transaction, DonAroma Pamela now holds 1,000 shares worth roughly $ 1990.0.

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Then, Kras James E. bought 1,000 shares, generating $1,678 in total proceeds. Upon buying the shares at $1.68, the President and CEO now owns 47,265 shares.

Before that, JAMES MICHAEL C bought 1,000 shares. Edible Garden AG Incorporated shares valued at $880 were divested by the Chief Financial Officer at a price of $0.88 per share. As a result of the transaction, JAMES MICHAEL C now holds 1,592,000 shares, worth roughly $3.17 million.

Price Performance Review of EDBL

On Friday, Edible Garden AG Incorporated [NASDAQ:EDBL] saw its stock jump 54.26% to $1.99. On the same session, the stock had its day’s lowest price of $1.48, but rose to a high of $4.4799. Over the last five days, the stock has gained 68.64%. Edible Garden AG Incorporated shares have fallen nearly -68.41% since the year began. Nevertheless, the stocks have fallen -91.93% over the past one year. While a 52-week high of $29.70 was reached on 01/26/23, a 52-week low of $1.15 was recorded on 07/21/23. SMA at 50 days reached $1.2993, while 200 days put it at $3.8186. A total of 73.1 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For EDBL Stock

The 24-hour chart illustrates a support level at 0.8200. On the upside, there is a resistance level at 3.8199. A further resistance level may holdings at 5.6499. The Relative Strength Index (RSI) on the 14-day chart is 68.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1856, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.11%. Stochastics %K at 35.75% indicates the stock is a holding.

How much short interest is there in Edible Garden AG Incorporated?

A steep rise in short interest was recorded in Edible Garden AG Incorporated stocks on Aug 14, 2023, growing by 1.09 million shares to a total of 1.11 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 19650.0 shares. There was a rise of 98.23%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 41.29% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.3.

Edible Garden AG Incorporated [EDBL] – Who Are The Largest Shareholders?

In filings from Sabby Management LLC, it is revealed that the company now owns 124,100 shares, or roughly 4.53% of the outstanding EDBL shares. In other words, the investor’s shares have risen by 81,600 from its previous 13-F filing of 42500.0.. Over the last quarter, Tower Research Capital LLC purchased 4,541 shares of Edible Garden AG Incorporated, while Wells Fargo Bank, NA bought 4 shares. At present, UBS Securities LLC is holding 0 shares valued at $0.0.

According to FactSet, Edible Garden AG Incorporated’s share price will average $7.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 442.64 percent from its previous closing price of $1.29. Analysts expect Edible Garden AG Incorporated stock to reach the higher price of $7.00, while the lowest price estimate is $7.00. However, 1 analyst have rated EDBL stock as a Buy in their predictions for 2023.


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