EDE.AX Eden Innovations (ASX) up 69% intraday on 28 Jan 2026: check forecasts
Eden Innovations Ltd (EDE.AX stock) surged 69.01% intraday to A$0.12 on 28 Jan 2026 on the ASX. The jump followed heavy trading, with volume at 10,336,634 shares versus an average of 1,109,567. This intraday move pushed the stock well above its 50-day average at A$0.05 and 200-day average at A$0.04. Traders are watching liquidity, an upcoming earnings announcement on 26 Feb 2026, and whether momentum holds into the close.
EDE.AX stock: Intraday price action and volume
EDE.AX opened at A$0.086 and hit a day high of A$0.13. The previous close was A$0.07, producing the 69.01% intraday gain.
Trading volume of 10,336,634 shares was 9.32 times the daily average. High relative volume confirms strong short-term demand and elevated volatility on the ASX.
EDE.AX stock: What moved the price
There is no single major press release today, but sector comparisons and flow into small-cap clean-tech names likely pushed EDE.AX higher. Market participants referenced peer screens on Investing.com showing Eden listed among active comparators source.
Separately, broader attention to energy transition and retrofit technologies supports speculative buying ahead of Eden’s earnings window. Watch the company’s Feb 26, 2026 earnings date for fresh catalysts.
EDE.AX stock: Fundamentals and valuation
Eden Innovations reports EPS of -0.03 and a trailing PE of -2.80, reflecting losses. Market cap stands at A$31,017,298.00 with 369,253,552 shares outstanding.
Key ratios show tight liquidity and elevated leverage risk: current ratio 0.48 and debt-to-market-cap about 0.53. Price-to-sales is 16.43, and EV/Sales is 24.79, indicating rich valuation versus Australian industrials.
EDE.AX stock: Technicals and trading signals
Momentum indicators are overbought. RSI is 71.83, CCI is 138.47, and MFI is 84.14. ADX at 37.67 signals a strong trend.
Short-term support sits near the 50-day average A$0.05. Immediate resistance is the intraday high A$0.13. Traders should expect elevated ATR of A$0.01 and wide intraday swings.
EDE.AX stock: Meyka grade, forecast and outlook
Meyka AI rates EDE.AX with a score out of 100: 65.96 / 100, Grade B, Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a 1-year price of A$0.089, a 3-year price of A$0.177, and a 5-year price of A$0.263. Versus the current price A$0.12, the implied moves are -25.83% (1yr), +47.50% (3yr), and +119.17% (5yr). Forecasts are model-based projections and not guarantees.
Final Thoughts
EDE.AX stock showed a dramatic intraday move on 28 Jan 2026, jumping to A$0.12 on heavy volume of 10,336,634 shares. The swing reflects short-term momentum and speculative interest in Eden Innovations’ clean-technology suite. Fundamentals remain stretched: EPS is -0.03, PE is -2.80, and the company carries liquidity pressure with a current ratio of 0.48. Technical indicators are overbought, so momentum could reverse quickly. For traders, a reasonable short-term price target is A$0.18 if volume sustains and resistance at A$0.13 is cleared. For longer-term investors, Meyka AI’s model projects a 1-year price near A$0.089, implying downside versus today. Use the upcoming earnings announcement on 26 Feb 2026 and continuing volume as decisive signals. This analysis uses data from the ASX in AUD and is intended as market analysis, not investment advice.
FAQs
Why did EDE.AX stock jump today?
EDE.AX stock jumped on heavy volume and short-term buying interest in small-cap clean-tech names. There was no single public release, but traders are positioning ahead of Eden’s 26 Feb 2026 earnings announcement.
What are the key risks for EDE.AX stock?
Primary risks include negative earnings (EPS -0.03), low liquidity, a current ratio 0.48, and rich valuation metrics like P/S 16.43. Overbought technicals increase short-term reversal risk.
What is Meyka AI’s short-term outlook for EDE.AX stock?
Meyka AI assigns EDE.AX a B grade and projects a 1-year model price of A$0.089, implying short-term downside. The model shows potential multi-year upside but is not a guarantee.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
