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Edible Garden AG , Inc. ( (EDBL) ) has shared an update.
Edible Garden AG Incorporated had previously announced on January 13, 2025, its intention to acquire Narayan d.o.o. and its subsidiaries through a non-binding letter of intent. However, after further evaluation, the company decided not to proceed with the acquisition, and negotiations have been terminated.
The most recent analyst rating on (EDBL) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Edible Garden AG , Inc. stock, see the EDBL Stock Forecast page.
Spark’s Take on EDBL Stock
According to Spark, TipRanks’ AI Analyst, EDBL is a Neutral.
Edible Garden AG, Inc. faces significant financial challenges, prominently impacting its stock score. While strategic shifts and recent funding provide some optimism, ongoing unprofitability and financial instability are major concerns. Technical indicators show short-term strength, but valuation remains a significant drawback due to negative earnings.
To see Spark’s full report on EDBL stock, click here.
More about Edible Garden AG , Inc.
Average Trading Volume: 3,399,689
Technical Sentiment Signal: Sell
Current Market Cap: $5.61M
For a thorough assessment of EDBL stock, go to TipRanks’ Stock Analysis page.