Edible Garden AG Incorporated (NASDAQ:EDBL – Get Free Report) major shareholder Scott Wolinsky bought 150,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was bought at an average price of $0.27 per share, with a total value of $40,500.00. Following the purchase, the insider owned 1,700,000 shares of the company’s stock, valued at approximately $459,000. This represents a 9.68% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Edible Garden Stock Performance
EDBL stock opened at $0.20 on Thursday. Edible Garden AG Incorporated has a 1 year low of $0.20 and a 1 year high of $32.10. The firm has a market cap of $1.10 million, a P/E ratio of 0.00 and a beta of 1.69. The stock has a 50-day simple moving average of $0.64 and a 200-day simple moving average of $4.64.
Edible Garden (NASDAQ:EDBL – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($5.25) earnings per share (EPS) for the quarter. Edible Garden had a negative net margin of 131.59% and a negative return on equity of 1,078.80%. The company had revenue of $3.34 million during the quarter.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on Edible Garden
Institutional Investors Weigh In On Edible Garden
An institutional investor recently bought a new position in Edible Garden stock. Armistice Capital LLC bought a new position in Edible Garden AG Incorporated (NASDAQ:EDBL – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 222,072 shares of the company’s stock, valued at approximately $135,000. Armistice Capital LLC owned approximately 37.64% of Edible Garden at the end of the most recent quarter. 12.99% of the stock is owned by institutional investors.
About Edible Garden
Edible Garden AG, trading on the Nasdaq under the ticker EDBL, is a technology-enabled agriculture company specializing in the design, construction and operation of hydroponic greenhouse farms. By leveraging controlled-environment agriculture techniques and proprietary automation systems, the company produces a range of leafy greens and salad‐related vegetables, including branded Salanova products, for wholesale distribution to retailers, food service operators and distributors.
In addition to farm ownership and produce cultivation, Edible Garden develops and licenses its modular greenhouse technology and cultivation methods to third parties.
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