Edible Garden (NASDAQ:EDBL) Issues Earnings Results

Edible Garden (NASDAQ:EDBL) released its quarterly earnings data on Monday. The company reported ($10.34) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($9.98), Zacks reports. The company had revenue of $4.13 million during the quarter, compared to the consensus estimate 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 Stock Performance

Edible Garden stock opened at $2.43 on Tuesday. The firm has a market capitalization of $2.95 million, a P/E ratio of -0.09 and a beta of 1.45. The stock has a fifty day moving average price of $4.29 and a two-hundred day moving average price of $6.01. Edible Garden has a 52-week low of $1.81 and a 52-week high of $311.75. 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.