Overall market sentiment has been high on Farmmi Inc (FAMI) stock lately. FAMI receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With FAMI Stock Today?
Farmmi Inc (FAMI) stock is trading at $1.05 as of 10:51 AM on Monday, Oct 19, an increase of $0.02, or 1.94% from the previous closing price of $1.03. Volume today is elevated. So far 2,164,957 shares have traded compared to average volume of 743,349 shares. The stock has traded between $1.00 and $1.14 so far today.
To see the top 5 stocks in the Packaged Foods industry click here.
More About Farmmi Inc
Farmmi Inc acts as a supplier of agricultural products. It mainly focuses on processing and selling various categories of agricultural products such as Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and other agricultural products. It supplies mushroom products indirectly to foreign customers such as supermarkets through Chinese distributors and internationally including the USA, Japan, Canada, Europe, and the Middle East, through distributors. The company is also involved in the trading activities of purchasing other agricultural products produced by third-party manufacturers, and selling these products in the company's online store Farmmi Liangpin Mall. It generates a vast majority of the revenues from the Shiitake mushrooms segment within China.
Click Here to get the full Stock Score Report on Farmmi Inc (FAMI) Stock.
