In a report released yesterday, Anthony Vendetti from Maxim Group maintained a Buy rating on Edible Garden AG , Inc. (EDBL – Research Report), with a price target of $3.00. The company’s shares opened today at $0.42.
Vendetti covers the Healthcare sector, focusing on stocks such as Nephros, Venus Concept, and Biolase. According to TipRanks, Vendetti has an average return of -4.4% and a 32.54% success rate on recommended stocks.
Currently, the analyst consensus on Edible Garden AG , Inc. is a Moderate Buy with an average price target of $3.00.
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EDBL market cap is currently $4.21M and has a P/E ratio of -0.31.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EDBL in relation to earlier this year.
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Edible Garden AG is a next generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.
Read More on EDBL:
- Edible Garden Reports Second Consecutive Quarter of Year-Over-Year Revenue Growth; Revenue Increases 12.5% Year-Over-Year for the Third Quarter of 2022
- Edible Garden reports Q3 EPS (24c) vs (28c) last year
- Edible Garden Schedules Third Quarter 2022 Financial Results and Business Update Conference Call
- Edible Garden to Showcase Innovative Product Lines and Zero-Waste Inspired® Initiatives at the 2022 Global Produce & Floral Show in Orlando, Florida October 27th – 29th
- Edible Garden Announces New Greenhouse Grown Salad Kits; Set to Launch First at Meijer Locations Across the Midwest
