Revenue Growth and Short Squeeze Hopes Supercharge Edible Garden (EDBL) Stock
EDBLEdible Garden AG rporated(EDBL) InvestorPlace·2024-05-15 23:04

Edible Garden (NASDAQ:EDBL) stock is in the rise Wednesday alongside a strong Q1 earnings report and a potential short squeeze of its shares. Edible Garden’s Q1 earnings report includes revenue of 3.1million.WhilethatsbelowWallStreetsestimateof3.1 million. While that’s below Wall Street’s estimate of 3.2 million, it still represents a 27.6% increase year-over-year. Edible Garden CEO Jim Kras said the following about the company’s Q1 performance. “We have achieved consistent top-line revenue growth over recent quarters, and more importantly, have incre ...