The price-to-earnings ratio for Farmmi Inc (NASDAQ: FAMI) is above average at 1.14x. The 36-month beta value for FAMI is also noteworthy at 1.28.
The public float for FAMI is 6.24M, and at present, short sellers hold a 0.64% of that float. The average trading volume of FAMI on August 23, 2024 was 50.94K shares.
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FAMI) stock’s latest price update
The stock price of Farmmi Inc (NASDAQ: FAMI) has dropped by -58.04 compared to previous close of 0.57. Despite this, the company has seen a fall of -57.93% in its stock price over the last five trading days. prnewswire.com reported 2024-08-23 that LISHUI, China, Aug. 23, 2024 /PRNewswire/ — Farmmi, Inc. (“Farmmi” or the “Company”) (Nasdaq: FAMI), an agriculture products supplier in China, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 3,433,167 ordinary shares of the Company (the “Ordinary Shares”) in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell to the investors Series A warrants to purchase up to 3,433,167 Ordinary Shares.
FAMI’s Market Performance
FAMI’s stock has fallen by -57.93% in the past week, with a monthly drop of -61.03% and a quarterly drop of -69.89%. The volatility ratio for the week is 3.41% while the volatility levels for the last 30 days are 4.43% for Farmmi Inc The simple moving average for the last 20 days is -57.69% for FAMI’s stock, with a simple moving average of -74.17% for the last 200 days.
FAMI Trading at -60.85% from the 50-Day Moving Average
After a stumble in the market that brought FAMI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.96% of loss for the given period.
Volatility was left at 4.43%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares sank -59.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -68.84% lower at present.
During the last 5 trading sessions, FAMI fell by -57.66%, which changed the moving average for the period of 200-days by -80.69% in comparison to the 20-day moving average, which settled at $0.5443. In addition, Farmmi Inc saw -80.83% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FAMI
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.05 for the gross margin
The net margin for Farmmi Inc stands at 0.02. The total capital return value is set at 0.01. Equity return is now at value 0.98, with 0.92 for asset returns.
Based on Farmmi Inc (FAMI), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -13.38. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 1.22.
Currently, EBITDA for the company is 2.92 million with net debt to EBITDA at 2.02. When we switch over and look at the enterprise to sales, we see a ratio of 0.08. The receivables turnover for the company is 3.73for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 21.81.
Conclusion
In summary, Farmmi Inc (FAMI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
