Farmmi, Inc. (NASDAQ:FAMI) in recent session today was buoying at a rise of 11.54% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $0.89 and 5Y monthly beta was reading 0 with its price kept floating in the range of $0.9000 and $1.1400 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that FAMI hit a high price of $1.96 and saw its price falling to a low level of $0.31 during that period. Over a period of past 1-month, stock came adding 1.86% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with nil upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review FAMI stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
In comparing Farmmi, Inc. (FAMI)’s stock with other industry players reveals that stock’s latest price change of +11.54% and that of -46.29% over the past 12 months is in competing position with that of Archer Daniels Midland (ADM) which saw its stock price raised by 0.1% in the recent trading and went through an increase of 25.79% in past 12-month trading. Industry’s another major player Corteva Inc (CTVA) has jumped 1.06% up in latest trading session, but over the past year has faced a rise of 26.5%, while Calavo Growers Inc (CVGW) is also up 11.54% however its price remained floating in the red at -46.29% over the same period. Farmmi, Inc. has a P/E ratio of 0 against that of Archer Daniels Midland’s 15.53 while Corteva Inc is showing 54.56 for the same. On the other hand, the S&P 500 Index was up 0.58% in the early deals while the Dow Jones Industrial was dealing higher at 0.92%.
Having a second look at Farmmi, Inc. (NASDAQ:FAMI) provides that stock’s average daily trading volume for 3 months was 4.91 Million, while it jumped to 542.45 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 20.52 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 78% while it is 2.44% for the institutional holders. The figures also indicate that as of September 29, 2020, number of stock’s short shares was 120000000 which implies a short ratio of 0.18. This shows up a 0.58% of Short Interest in company’s outstanding shares on the day. In September the standing of shares short declined as it was 193.39 Million in the previous month. Addition of +18.16% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.