InvestorsObserver
×
News Home

Should You Buy Farmmi Inc (FAMI) Stock on Tuesday?

Tuesday, November 21, 2023 10:31 AM | InvestorsObserver Analysts

Mentioned in this article

Should You Buy Farmmi Inc (FAMI) Stock on Tuesday?

Farmmi Inc (FAMI) stock is higher by 17.07% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. 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 $1.44 as of 10:05 AM on Tuesday, Nov 21, a drop of -$0.08, or -5.43% from the previous closing price of $1.52. The stock has traded between $1.41 and $1.61 so far today. Volume today is 21,095 compared to average volume of 19,402. 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.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App