Farmmi Inc. [NASDAQ: FAMI] gained 15.48% or 0.06 points to close at $0.47 with a heavy trading volume of 52593670 shares. The company report on August 2, 2021 that Farmmi Reports First Half 2021 Financial Results.
Financial Highlights (six months ended March 31, 2021 compared to March 31, 2020).
31% Increase in Revenue; Shiitake Sales Increase 38%; Mu Er Sales Increase 27%.
It opened the trading session at $0.40, the shares rose to $0.49 and dropped to $0.381, the range by which the price of stock traded the whole day. The daily chart for FAMI points out that the company has recorded -62.10% loss over the past six months. However, it is still -56.67% lower than its most recent low trading price.
If we look at the average trading volume of 26.93M shares, FAMI reached to a volume of 52593670 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Farmmi Inc. [FAMI]:
The Average True Range (ATR) for Farmmi Inc. is set at 0.03, with the Price to Sales ratio for FAMI stock in the period of the last 12 months amounting to 3.03. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 0.00.
Trading performance analysis for FAMI stock
Farmmi Inc. [FAMI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 26.51. With this latest performance, FAMI shares gained by 4.35% in over the last four-week period, additionally sinking by -62.10% over the last 6 months – not to mention a drop of -32.66% 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 61.31, with the RSI for the last a single of trading hit 70.89, and the three-weeks RSI is set at 53.76 for Farmmi Inc. [FAMI]. The present Moving Average for the last 50 days of trading for this stock 0.4456, while it was recorded at 0.4028 for the last single week of trading, and 0.9166 for the last 200 days.
Farmmi Inc. [FAMI]: A deeper dive into fundamental analysis
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.
An analysis of insider ownership at Farmmi Inc. [FAMI]
There are presently around $0 million, or 9.10% of FAMI stock, in the hands of institutional investors. The top three institutional holders of FAMI stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 375,199, which is approximately -47.554% of the company’s market cap and around 5.76% of the total institutional ownership; CITADEL ADVISORS LLC, holding 90,117 shares of the stock with an approximate value of $42000.0 in FAMI stocks shares; and HRT FINANCIAL LP, currently with $35000.0 in FAMI stock with ownership of nearly New of the company’s market capitalization.
2 institutional holders increased their position in Farmmi Inc. [NASDAQ:FAMI] by around 165,284 shares. Additionally, 4 investors decreased positions by around 404,719 shares, while 0 investors held positions by with 29,520 shares. The mentioned changes placed institutional holdings at 540,483 shares, according to the latest SEC report filing. FAMI stock had 2 new institutional investments in for a total of 165,284 shares, while 3 institutional investors sold positions of 64,519 shares during the same period.