Farmmi Inc. [FAMI] moved down -5.92: Why It’s Important


Farmmi Inc. [NASDAQ: FAMI] plunged by $0.0 during the normal trading session on Friday and reaching a high of $0.0849 during the day while it closed the day at $0.08. The company report on May 10, 2022 that Farmmi Provides CEO Update and Extends Proxy Voting Period to Better Accommodate Shareholders.

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Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agricultural products supplier in China, today provided a CEO update detailing an extension of the proxy voting period to May 13, 2022 ( to better accommodate shareholders and its progress on the Company’s expectations for increased growth and expanded opportunities. The full text of the CEO letter follows:.

Farmmi Inc. stock has also loss -19.69% of its value over the past 7 days. However, FAMI stock has declined by -58.87% in the 3 months of the year. Over the past six months meanwhile, it has lost -72.54% and lost -64.97% year-on date.

The market cap for FAMI stock reached $49.44 million, with 184.83 million shares outstanding. Compared to the average trading volume of 27.46M shares, FAMI reached a trading volume of 23381001 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 0.01, with the Price to Sales ratio for FAMI stock in the period of the last 12 months amounting to 1.26. The Price to Book ratio for the last quarter was 0.09, with the Price to Cash per share for the same quarter was set at 0.09.

FAMI stock trade performance evaluation

Farmmi Inc. [FAMI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.69. With this latest performance, FAMI shares dropped by -43.14% in over the last four-week period, additionally sinking by -72.54% over the last 6 months – not to mention a drop of -82.80% 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 30.89, with the RSI for the last a single of trading hit 30.63, and the three-weeks RSI is set at 31.76 for Farmmi Inc. [FAMI]. The present Moving Average for the last 50 days of trading for this stock 0.1279, while it was recorded at 0.0834 for the last single week of trading, and 0.2430 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 +7.26 and a Gross Margin at +13.00. Farmmi Inc.’s Net Margin is presently recorded at +6.13.

Return on Equity for this stock inclined to 2.56, with Return on Assets sitting at 2.36.

Farmmi Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 37.10 and a Current Ratio set at 37.50.

Farmmi Inc. [FAMI]: Insider Ownership positions

There are presently around $0 million, or 0.90% of FAMI stock, in the hands of institutional investors. The top three institutional holders of FAMI stocks are: RENAISSANCE TECHNOLOGIES LLC with ownership of 1,603,550, which is approximately -79.708% of the company’s market cap and around 1.59% of the total institutional ownership; CITADEL ADVISORS LLC, holding 1,162,597 shares of the stock with an approximate value of $91000.0 in FAMI stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $82000.0 in FAMI stock with ownership of nearly 358.562% of the company’s market capitalization.

12 institutional holders increased their position in Farmmi Inc. [NASDAQ:FAMI] by around 3,145,147 shares. Additionally, 10 investors decreased positions by around 6,906,378 shares, while 6 investors held positions by with 4,527,198 shares. The mentioned changes placed institutional holdings at 5,524,327 shares, according to the latest SEC report filing. FAMI stock had 9 new institutional investments in for a total of 2,178,561 shares, while 9 institutional investors sold positions of 607,393 shares during the same period.