For the readers interested in the stock health of Farmmi Inc. (FAMI). It is currently valued at $0.45. When the transactions were called off in the previous session, Stock hit the highs of $0.459, after setting-off with the price of $0.397. Company’s stock value dipped to $0.3854 during the trading on the day. When the trading was stopped its value was $0.36.
Recently in News on April 29, 2021, Farmmi, Inc. Prices $42.0 Million Upsized Underwritten Public Offering of Ordinary Shares. Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced the pricing of an upsized underwritten public offering with gross proceeds to the Company expected to be approximately $42.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. The public offering equates to 140,000,000 of the Company’s ordinary shares at a price of $0.30 per share. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes. The closing of the offering is expected to occur on May 3, 2021, subject to customary closing conditions. You can read further details here
Farmmi Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.4700 on 02/17/21, with the lowest value was $0.2981 for the same time period, recorded on 04/29/21.
Farmmi Inc. (FAMI) full year performance was -10.98%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Farmmi Inc. shares are logging -81.94% during the 52-week period from high price, and 49.61% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.30 and $2.47.
The company’s shares, operating in the sector of Consumer Defensive managed to top a trading volume set approximately around 262978208 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Farmmi Inc. (FAMI) recorded performance in the market was -62.83%, having the revenues showcasing -64.60% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 10.20M, as it employees total of 69 workers.
Farmmi Inc. (FAMI) in the eye of market guru’s
During the last month, 0 analysts gave the Farmmi Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.2397, with a change in the price was noted -0.5231. In a similar fashion, Farmmi Inc. posted a movement of -53.98% for the period of last 100 days, recording 7,998,891 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FAMI is recording 0.19 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Farmmi Inc. (FAMI): Stocks Technical analysis and Trends
Raw Stochastic average of Farmmi Inc. in the period of last 50 days is set at 7.50%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 16.04%. In the last 20 days, the company’s Stochastic %K was 7.58% and its Stochastic %D was recorded 7.78%.
If we look into the earlier routines of Farmmi Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -62.83%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -42.82%, alongside a downfall of -10.98% for the period of the last 12 months. The shares increased approximately by -54.26% in the 7-day charts and went up by -59.08% in the period of the last 30 days. Common stock shares were lifted by -64.60% during last recorded quarter.