Farmmi Inc (NASDAQ:FAMI) saw a downside of -12.01% to close Friday at $0.23 after subtracting -$0.03 on the day. The 5-day average trading volume is 246,640 shares of the company’s common stock. It has gained $0.2925 in the past week and touched a new high 1 time within the past 5 days. An average of 300,960 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 266,462.
FAMI’s 1-month performance is -33.44% or -$0.1219 on its low of $0.2100 reached on 09/22/23. The company’s shares have touched a 52-week low of $0.26 and high of $1.14, with the stock’s rally to the 52-week high happening on 02/09/23. YTD, FAMI has lost -43.48% or -$0.1741 and has reached a new high 16 times. However, the current price is down -80.24% from the 52-week high price.
Valuation Metrics
FAMI stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.11 while the price-to-book (PB) in the most recent quarter is 0.03, with the price to cash flow ratio at 0.51.
Farmmi Inc’s quick ratio for the recent period was 12.53, with the current ratio over the same period at 18.49. In terms of profitability, the gross margin trailing 12 months is 5.48%. The firm’s gross profit as reported stood at $5.44 million against revenue of $99.21 million.
Earnings Surprise
Net income shrunk -6.31% to $2.22 million, while revenue of $0.0 was 100.0% off the previous quarter. FAMI stock balance sheet for the recent quarter shows that total liabilities totaled 12.56 million, with total debt at $10.05 million.
Let’s look briefly at Farmmi Inc (FAMI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 15.19% to suggest the stock is trending oversold, with historical volatility in this time period at 97.12%.
The stock’s 5-day moving average is $0.2542, reflecting a -18.57% or -$0.0516 change from its current price. FAMI is currently trading -32.02% above its 20-day SMA, -50.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -47.38% and SMA200 by-59.19%.
Stochastic %K and %D was 5.02% and 4.69% and the average true range (ATR) pointed at 0.0243. The RSI (14) points at 20.00%, while the 14-day stochastic is at 10.22% with the period’s ATR at 0.0243. The stock’s 9-day MACD Oscillator is pointing at -0.0149 and -0.0411 on the 14-day charts.
