The market has been down on Farmmi Inc (FAMI) stock recently. FAMI gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
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 down -55.6% while the S&P 500 is higher by 0.64% as of 3:19 PM on Thursday, Apr 29. FAMI is down -$0.44 from the previous closing price of $0.79 on volume of 323,833,896 shares. Over the past year the S&P 500 has gained 47.03% while FAMI is down -31.37%. FAMI earned $0.05 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.93.
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 stores Farmmi Jicai and Farmmi Liangpin Market. It generates a vast majority of the revenues from the Shiitake mushrooms segment within China.
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