The stock of Farmmi Inc (NASDAQ: FAMI) has decreased by -11.96 when compared to last closing price of 0.33. Despite this, the company has experienced a -5.31% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-24 that LISHUI, China, Oct. 24, 2024 /PRNewswire/ — Farmmi, Inc. (“Farmmi” or the “Company”) (NASDAQ: FAMI), an agriculture products supplier in China, today announced that the Company’s subsidiary, FARMMI USA INC. (“Farmmi USA”), has reached an agreement in principle with Mazon Technology LLC for strategic cooperation in warehousing and logistics services that could potentially bring in $10 million in annual orders for Farmmi USA.
Is It Worth Investing in Farmmi Inc (NASDAQ: FAMI) Right Now?
Farmmi Inc (NASDAQ: FAMI) has a price-to-earnings ratio of 1.38x that is above its average ratio. Additionally, the 36-month beta value for FAMI is 1.26.
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The public float for FAMI is 10.63M and currently, short sellers hold a 1.58% ratio of that float. The average trading volume of FAMI on November 08, 2024 was 1.71M shares.
FAMI’s Market Performance
FAMI stock saw an increase of -5.31% in the past week, with a monthly gain of 13.89% and a quarterly increase of -47.48%. The volatility ratio for the week is 9.86%, and the volatility levels for the last 30 days are 18.67% for Farmmi Inc (FAMI). The simple moving average for the past 20 days is -13.13% for FAMI’s stock, with a -57.18% simple moving average for the past 200 days.
FAMI Trading at 4.07% 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 -87.79% of loss for the given period.
Volatility was left at 18.67%, however, over the last 30 days, the volatility rate increased by 9.86%, as shares surge +14.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.43% upper at present.
During the last 5 trading sessions, FAMI fell by -5.31%, which changed the moving average for the period of 200-days by -74.38% in comparison to the 20-day moving average, which settled at $0.3304. In addition, Farmmi Inc saw -76.85% 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 -13.5. 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 1.85. When we switch over and look at the enterprise to sales, we see a ratio of 0.09. The receivables turnover for the company is 3.75for 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 conclusion, Farmmi Inc (FAMI) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
