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

Edible Garden (NASDAQ:EDBL) posted 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 firm had revenue of $4.13 million during 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 Stock Performance

NASDAQ EDBL opened at $2.65 on Wednesday. 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 has a 1-year low of $1.81 and a 1-year high of $311.75. The firm has a market capitalization of $3.22 million, a P/E ratio of -0.10 and a beta of 1.45. The business’s 50-day simple moving average is $4.21 and its 200-day simple moving average is $5.85.

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.