Stock Price Prediction

EDBL stock is currently trading at $0.2205, reflecting a bearish sentiment with a recent 8.24% drop in regular market trading. Bulls might argue for potential upside due to the company's 324% profitability growth and expansion of production capacity, which could support a rebound. However, the stock's low RSI (42.93) and ongoing dilution risks from the Narayan acquisition suggest caution in the short term.

EDBL stock is currently trading at $0.24, down 20.81% recently, reflecting bearish sentiment due to dilution concerns from its planned acquisition of Narayan Group. The reverse stock split requirement and equity financing conditions for the deal add uncertainty, potentially pressuring the stock further. Despite profitability improvements, the stock remains speculative with risks outweighing near-term upside.

The market consensus for EDBL's revenue in the upcoming quarter is projected to be approximately $3.892M USD.