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Farmmi Inc (FAMI) Stock: What Does the Chart Say Wednesday?

Wednesday, June 29, 2022 03:46 PM | InvestorsObserver Analysts
Farmmi Inc (FAMI) Stock: What Does the Chart Say Wednesday?

Overall market sentiment has been neutral on Farmmi Inc (FAMI) stock lately. FAMI receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Farmmi Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on FAMI!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With FAMI Stock Today?

Farmmi Inc (FAMI) stock is trading at $1.06 as of 3:45 PM on Wednesday, Jun 29, a drop of -$0.05, or -4.15% from the previous closing price of $1.11. The stock has traded between $1.05 and $1.09 so far today. Volume today is below average. So far 663,794 shares have traded compared to average volume of 1,321,856 shares. To screen for more stocks like Farmmi Inc 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 stores Farmmi Jicai and Farmmi Liangpin Market. It generates a vast majority of the revenues from the Shiitake mushrooms segment within China. Click Here to get the full Stock Report for Farmmi Inc stock.

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