Farmmi Inc. [NASDAQ: FAMI] surged by $0.04 during the normal trading session on Thursday and reaching a high of $1.20 during the day while it closed the day at $1.13. The company report on March 24, 2021 that Aegis Capital Corp. Acted as Sole Bookrunner on a $7.5 Million Follow-On Offering for Farmmi, Inc. (NASDAQ:FAMI).
Aegis Capital Corp. acted as Sole Bookrunner on a $7.5 Million Follow-On Offering for Farmmi, Inc. (NASDAQ:FAMI).
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About Farmmi, Inc.
Farmmi Inc. stock has also gained 2.73% of its value over the past 7 days. However, FAMI stock has declined by -5.04% in the 3 months of the year. Over the past six months meanwhile, it has gained 28.82% and lost -5.83% year-on date.
The market cap for FAMI stock reached $30.10 million, with 16.25 million shares outstanding and 9.60 million shares in the current float. Compared to the average trading volume of 1.93M shares, FAMI reached a trading volume of 3544346 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Farmmi Inc. [FAMI]:
The Average True Range (ATR) for Farmmi Inc. is set at 0.15, with the Price to Sales ratio for FAMI stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 0.02.
FAMI stock trade performance evaluation
Farmmi Inc. [FAMI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.73. With this latest performance, FAMI shares dropped by -10.32% in over the last four-week period, additionally plugging by 28.82% over the last 6 months – not to mention a rise of 117.52% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FAMI stock in for the last two-week period is set at 41.96, with the RSI for the last a single of trading hit 40.71, and the three-weeks RSI is set at 43.87 for Farmmi Inc. [FAMI]. The present Moving Average for the last 50 days of trading for this stock 1.3864, while it was recorded at 1.0980 for the last single week of trading, and 1.0105 for the last 200 days.
Farmmi Inc. [FAMI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Farmmi Inc. [FAMI] shares currently have an operating margin of +6.96 and a Gross Margin at +16.46. Farmmi Inc.’s Net Margin is presently recorded at +2.73.
Return on Total Capital for FAMI is now 6.79, given the latest momentum, and Return on Invested Capital for the company is 3.26. Return on Equity for this stock inclined to 3.31, with Return on Assets sitting at 2.40. When it comes to the capital structure of this company, Farmmi Inc. [FAMI] has a Total Debt to Total Equity ratio set at 21.57. Additionally, FAMI Total Debt to Total Capital is recorded at 17.74, with Total Debt to Total Assets ending up at 15.97. Long-Term Debt to Equity for the company is recorded at 2.37, with the Long-Term Debt to Total Capital now at 1.95.
Reflecting on the efficiency of the workforce at the company, Farmmi Inc. [FAMI] managed to generate an average of $11,936 per employee. Receivables Turnover for the company is 2.45 with a Total Asset Turnover recorded at a value of 0.88.Farmmi Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.40.
Farmmi Inc. [FAMI]: Insider Ownership positions
There are presently around $1 million, or 2.80% of FAMI stock, in the hands of institutional investors. The top three institutional holders of FAMI stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 715,399, which is approximately 92.157% of the company’s market cap and around 39.57% of the total institutional ownership; VIRTU FINANCIAL LLC, holding 56,021 shares of the stock with an approximate value of $63000.0 in FAMI stocks shares; and MORGAN STANLEY, currently with $5000.0 in FAMI stock with ownership of nearly 0% of the company’s market capitalization.
3 institutional holders increased their position in Farmmi Inc. [NASDAQ:FAMI] by around 391,938 shares. Additionally, 1 investors decreased positions by around 110,275 shares, while 1 investors held positions by with 277,705 shares. The mentioned changes placed institutional holdings at 779,918 shares, according to the latest SEC report filing. FAMI stock had 1 new institutional investments in for a total of 3,679 shares, while 1 institutional investors sold positions of 110,275 shares during the same period.