Reviewing Edible Garden (EDBL) and Its Competitors

Posted by Defense World Staff on Apr 10th, 2023

Edible Garden (NASDAQ:EDBL – Get Rating) is one of 33 public companies in the “Agricultural production – crops” industry, but how does it compare to its competitors? We will compare Edible Garden to related companies based on the strength of its risk, dividends, valuation, analyst recommendations, institutional ownership, profitability and earnings.

Earnings and Valuation

This table compares Edible Garden and its competitors top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Edible Garden	$11.55 million	-$12.45 million	-0.04
Edible Garden Competitors	$1.63 billion	$21.77 million	0.16

Edible Garden’s competitors have higher revenue and earnings than Edible Garden. Edible Garden is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Insider and Institutional Ownership

2.5% of Edible Garden shares are owned by institutional investors. Comparatively, 25.5% of shares of all “Agricultural production – crops” companies are owned by institutional investors. 39.4% of Edible Garden shares are owned by company insiders. Comparatively, 17.7% of shares of all “Agricultural production – crops” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for Edible Garden and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Edible Garden	0	0	1	0	3.00
Edible Garden Competitors	98	170	488	23	2.56

Edible Garden currently has a consensus target price of $7.00, suggesting a potential upside of 248.26%. As a group, “Agricultural production – crops” companies have a potential upside of 56.68%. Given Edible Garden’s stronger consensus rating and higher probable upside, equities analysts clearly believe Edible Garden is more favorable than its competitors.

Profitability

This table compares Edible Garden and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Edible Garden	-107.71%	N/A	-172.89%
Edible Garden Competitors	-339.13%	-25.67%	-16.18%

Edible Garden Company Profile

(Get Rating)

Edible Garden AG Incorporated and its subsidiaries operate as a controlled environment agriculture farming company. It offers various products, including individually potted, live herbs, cut single-herb clamshells, specialty herb items, various types of lettuce, hydro basil, bulk basil, and vegan protein powder. The company sells its products to various regional and national supermarkets. Edible Garden AG Incorporated was founded in 2020 and is based in Belvidere, New Jersey.

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