Maxim Group analyst Anthony Vendetti reiterated a Buy rating on Edible Garden AG , Inc. (EDBL – Research Report) yesterday and set a price target of $7.00. The company’s shares opened today at $1.50.
According to TipRanks, Vendetti is an analyst with an average return of -2.7% and a 32.46% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Biolase, ReShape Lifesciences, and Icecure Medical.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Edible Garden AG , Inc. with a $7.00 average price target.
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Based on Edible Garden AG , Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.46 million and a GAAP net loss of $2.88 million. In comparison, last year the company earned a revenue of $2.99 million and had a GAAP net loss of $4.78 million
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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 Capitalizes on Distribution Platform with Launch of EG Direct Division
- Edible Garden Reports Record Year-Over-Year Revenue Growth of 41.4% for Second Quarter of 2023
- Edible Garden reports Q2 EPS (24c) vs ($20.44) last year
- Edible Garden Schedules Second Quarter 2023 Financial Results and Business Update Conference Call
- Edible Garden and Walmart Strengthen Sustainability Efforts with Expanded Distribution
