Farmmi Inc. (NASDAQ:FAMI) shares, rose in value on Thursday, 08/04/22, with the stock price up by 10.00% to the previous day’s close as strong demand from buyers drove the stock to $1.21.
Actively observing the price movement in the last trading, the stock closed the session at $1.10, falling within a range of $1.10 and $1.27. The value of beta (5-year monthly) was 0.07 whereas the PE ratio was 0.68 over 12-month period. Referring to stock’s 52-week performance, its high was $14.75, and the low was $1.01. On the whole, FAMI has fluctuated by 17.48% over the past month.
With the market capitalization of Farmmi Inc. currently standing at about $26.55 million, investors are eagerly awaiting this quarter’s results, scheduled for Jan 25, 2019.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FAMI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FAMI currently trading nearly 10.45% and 4.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.91, while the 7-day volatility ratio is showing 7.32% which for the 30-day chart, stands at 6.72%. Furthermore, Farmmi Inc. (FAMI)’s beta value is 0.12, and its average true range (ATR) is 0.08.
Data on historical trading for Farmmi Inc. (NASDAQ:FAMI) indicates that the trading volumes over the past 10 days have averaged 0.75 million and over the past 3 months, they’ve averaged 1.05 million. According to company’s latest data on outstanding shares, there are 7.39 million shares outstanding.
Nearly 1.59% of Farmmi Inc.’s shares belong to company insiders and institutional investors own 1.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.88 million shares as on Jul 14, 2022, resulting in a short ratio of 1.13. According to the data, the short interest in Farmmi Inc. (FAMI) stood at 3.95% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.79 million. The stock has fallen by -78.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FAMI stock heading into the next quarter.