Edible Garden (NASDAQ:EDBL) Announces Earnings Results, Misses Estimates By $9.98 EPS

Edible Garden (NASDAQ:EDBL) issued its quarterly earnings data on Monday. The company reported ($10.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($9.98), Zacks reports. The business had revenue of $4.13 million for the quarter, compared to analyst estimates of $4.13 million. Edible Garden had a negative net margin of 78.61% and a negative return on equity of 52,263.51%.

Edible Garden Price Performance

Shares of EDBL stock opened at $2.65 on Wednesday. The firm has a fifty day moving average of $4.21 and a two-hundred day moving average of $5.85. Edible Garden has a 1-year low of $1.81 and a 1-year high of $311.75. The firm has a market cap of $3.22 million, a P/E ratio of -0.10 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.11 and a quick ratio of 0.81.

Edible Garden Company Profile

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.