Farmmi Inc. (NASDAQ: FAMI) is -8.33% lower on its value in year-to-date trading and has touched a low of $0.46 and a high of $2.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FAMI stock was last observed hovering at around $1.07 in the last trading session, with the day’s gains setting it 0.03%.
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Currently trading at $1.10, the stock is -10.28% and -19.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 2.80% at the moment leaves the stock 8.30% off its SMA200. FAMI registered 102.54% gain for a year compared to 6-month gain of 44.85%. The firm has a 50-day simple moving average (SMA 50) of $1.3024 and a 200-day simple moving average (SMA200) of $1.1384.
The stock witnessed a -13.39% loss in the last 1 month and extending the period to 3 months gives it a -5.17%, and is 0.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.10% over the week and 10.75% over the month.
Farmmi Inc. (FAMI) has around 69 employees, a market worth around $29.30M and $30.20M in sales. Current P/E ratio is 22.00. Profit margin for the company is 2.70%. Distance from 52-week low is 139.03% and -55.47% from its 52-week high. The company has generated returns on investments over the last 12 months (6.10%).
The EPS is expected to grow by 292.60% this year.
Farmmi Inc. (FAMI) Top Institutional Holders
4 institutions hold shares in Farmmi Inc. (FAMI), with 8.12M shares held by insiders accounting for 39.57% while institutional investors hold 4.68% of the company’s shares. The shares outstanding are 16.25M, and float is at 9.60M with Short Float at 0.59%. Institutions hold 2.83% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 0.72 million shares valued at $0.86 million. The investor’s holdings represent 3.39% of the FAMI Shares outstanding. As of Dec 30, 2020, the second largest holder is Virtu Financial LLC with 56021.0 shares valued at $67225.0 to account for 0.27% of the shares outstanding. The other top investors are Morgan Stanley which holds 4819.0 shares representing 0.02% and valued at over $5782.0, while UBS Group AG holds 0.02% of the shares totaling 3679.0 with a market value of $4414.0.