What is the highest price of edbl this year and what is it expected to do the next couple of months

The highest price for Edible Garden AG Incorporated (NASDAQ:EDBL) this year was $12.47, which was recorded on April 17, 2024.

Regarding the company's stock performance in the next couple of months, several factors will likely influence its trajectory:

1. Financial Performance: Edible Garden's recent financials show a significant decline in stock price, with a 66% drop in the last month and a 95% loss over the past year. However, the company has reported a robust second quarter in 2024 with an increase in gross profit and an expansion of distribution channels. The third quarter of 2024 saw a 157% increase in gross profit, driven by a 61% rise in cut herbs and a 30% increase in vitamins and supplements.
2. Market Sentiment and Analysts' Forecasts: Despite the positive developments, the company's stock remains low, with a price-to-sales ratio significantly lower than the industry average. Analysts forecast a revenue growth of 16% over the next year, which is stronger than the industry's predicted growth of 2.1%. However, there is a significant disparity in expectations for revenue growth, with estimates ranging from 3.71 million to 15.73 million, indicating uncertainty.
3. Strategic Moves and Partnerships: Edible Garden has expanded its distribution, which could positively impact its stock price as more customers have access to its products. The company has also gained distribution for its USDA Organic herb product line, which could contribute to increased sales.
4. Industry Challenges and Volatility: The agricultural sector faces challenges that could affect stock prices. For instance, the company's stock hit a 52-week low amid a steep decline, reflecting broader sector volatility.

In conclusion, while Edible Garden has shown some positive developments in terms of financial performance and strategic expansions, the stock's expected trajectory in the next couple of months will likely be influenced by various uncertainties and challenges. Investors should monitor the company's financial health, market sentiment, and industry trends closely.