Streetbeat News

EDBL

Edible Garden AG Incorporated

https://www.ediblegarden.com

Industry

Agricultural Farm Products

Edible Garden AG Incorporated and its subsidiaries operate as a controlled environment agriculture farming company. It offers various products, including individually potted, live herbs, cut single-herb clamshells, specialty herb items, various types of lettuce, hydro basil, bulk basil, and vegan protein powder. 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.

Open

0.15

Mkt cap

2.8M

Volume

871K

High

0.15

P/E Ratio

N/A

52-wk high

13.00

Low

0.13

Div yield

N/A

52-wk low

0.12

Trading of Edible Garden shares, symbol EDBL, has resumed after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:03 pm

Edible Garden's stock (EDBL) was halted due to a circuit breaker after surging 51.6%, indicating a significant upward movement in its share price.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:57 pm

Trading of Edible Garden shares, symbol EDBL, has resumed after a temporary halt. This news is crucial for investors monitoring the stock's performance and market movements.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:49 pm

Edible Garden shares surged following the announcement that the company has regained compliance with the Nasdaq bid price requirement, indicating a positive outlook on its stock market performance.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:47 pm

Edible Garden AG Incorporated (EDBL) announced it has regained compliance with Nasdaq's minimum bid price requirement, emphasizing the importance of its Nasdaq listing for credibility and visibility. The company remains optimistic about its future, highlighting its expanding retail network, diverse product line, and strict cost management as foundations for accelerated revenue growth and a strategy to become cash flow positive.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 1:16 pm

Las Vegas Sands Corp. (LVS) shares fell by around 7% despite reporting better-than-expected Q1 results, with earnings of 75 cents per share and sales of $2.96 billion. Other stocks also showed significant movement, with AGBA Group Holding Limited (AGBA) and Tian Ruixiang Holdings Ltd (TIRX) among the top gainers, while iLearningEngines Holdings, Inc. (AILE) and SuperCom Ltd (SPCB) led the losers.

Portfolio Pulse from Avi Kapoor

April 18, 2024 | 3:32 pm

U.S. Bancorp (NYSE:USB) reported higher than expected Q1 FY24 earnings with a revenue of $6.7 billion and adjusted EPS of 90 cents, beating the consensus of 88 cents. U.S. stocks traded lower, with the Nasdaq Composite down by over 100 points. Utilities shares rose by 1.5%, while information technology shares fell by 1.1%. INVO Bioscience, Edible Garden AG, and Vanda Pharmaceuticals saw significant stock price increases, while Longeveron, Sage Therapeutics, and Ontrak experienced notable declines. Crude oil prices dropped by 3%.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 6:35 pm

Travelers Companies, Inc. (TRV) shares fell by 8.1% after reporting mixed Q1 earnings, missing the consensus forecast. Other stocks showed significant movement, with INVO Bioscience, Inc. (INVO) and Edible Garden AG (EDBL) among the top gainers, while ICZOOM Group Inc. (IZM) and Sunshine Biopharma, Inc. (SBFM) led the losers. The market saw a wide range of stock performance, influenced by earnings reports, strategic agreements, and analyst ratings.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 5:36 pm

U.S. stocks traded lower, with the Dow Jones falling 0.32%, NASDAQ down 1.16%, and the S&P 500 dropping 0.74%. Utilities shares rose by 0.7%, while information technology shares fell by 0.9%. INVO Bioscience, Edible Garden AG, and The Children's Place saw significant gains, whereas Longeveron, Sage Therapeutics, and Ontrak experienced notable declines. Crude oil inventories increased, and oil prices fell by 1.5%.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 4:44 pm

Edible Garden AG Incorporated (NASDAQ:EDBL) shares surged after reporting a significant year-over-year increase in preliminary first-quarter revenues, with produce revenues up 40% and cut herb revenue increasing over 200%. The company attributes this growth to investments in equipment and infrastructure, expanded retail distribution, and a focus on becoming a vertically integrated herb supplier. The stock experienced heavy trading volume and was halted multiple times for volatility, with over 7 million shares traded compared to a 100-day average of less than 48,000 shares.

Portfolio Pulse from Erica Kollmann

April 17, 2024 | 4:25 pm

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