Why is farmmi (FAMI) stock down?
Farmmi (NASDAQ: FAMI) stock is falling hard on Monday after the agricultural products company announced an underwritten public offering. According to a press release, Farmmi plans to raise $81 million through the underwritten public offering by selling shares of its stock and warrants to purchase shares of its stock.
Is FAMI stock paying off at 34 cents?
As FAMI stock traded above $2 back in February and now trades at a mere 34 cents, it could truly pay off at current prices. Source: Shutterstock But what’s the story behind that lower valuation? Basically the company has diluted its stock in order to raise capit
How did farmmi raise $81 million through its public offering?
According to a press release, Farmmi plans to raise $81 million through the underwritten public offering by selling shares of its stock and warrants to purchase shares of its stock. This will have it offering 368,261,717 shares as well as warrants that will be priced the same.
Should you buy farmmi (FAMI) at FHC Shanghai global food trade show?
The FHC Shanghai Global Food Trade Show in being held at the Shanghai New International Expo Centre, with organizers including the Shanghai Restaurants Cuisine Association a As with most penny stocks, caution is warranted with Farmmi (NASDAQ:FAMI) shares.
What is Farmmi China?
Where is Farmmi located?
Is Farmmi a company?
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Will FAMI stock be delisted?
("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today that on May 20, 2022, it received a Staff determination letter (the "Letter") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company of the Staff's determination to ...
Why is FAMI stock dropping?
Farmmi (NASDAQ:FAMI) stock is falling hard on Monday after the agricultural products company announced an underwritten public offering. According to a press release, Farmmi plans to raise $81 million through the underwritten public offering by selling shares of its stock and warrants to purchase shares of its stock.
Is FAMI a good stock?
PE vs Industry: FAMI is good value based on its Price-To-Earnings Ratio (11.6x) compared to the US Food industry average (18.9x). PE vs Market: FAMI is good value based on its Price-To-Earnings Ratio (11.6x) compared to the US market (15.5x).
Is FAMI going to reverse split?
Resources. Farmmi, Inc. (FAMI) will effect a one-for-twenty five (1-25) reverse split and par value change of its ordinary shares. The reverse stock split and par value change (from 0.001 to 0.025) will become effective on Tuesday, May 31, 2022.
Will FAMI go up?
For the upcoming trading day on Friday 10th we expect Farmmi Inc. to open at $1.15, and during day (based on 14 day Average True Range), to move between $1.03 and $1.23, which gives a possible trading interval of +/-$0.10 (+/-9.13%) up or down from last closing price.
Is FAMI a buy or sell?
USD 1.15 0.02 1.71% Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Farmmi Inc is 'Strong Sell'.
Is FAMI undervalued?
FAMI ($1.04) is significantly undervalued...
Is FAMI a Chinese stock?
("Farmmi" or the "Company") (NASDAQ: FAMI), an agricultural products supplier in China, announced today it received another new multi-product order for its popular dried Shiitake mushrooms and dried black fungus.
Is Farmmi undervalued?
If the real value is higher than the market price, Farmmi Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal. Our calculation of Farmmi probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures.
Is Farmmi a good stock to invest in?
Overall, Farmmi Inc stock has a Value Grade of A, Growth Grade of C and Momentum Grade of F.
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What is Farmmi China?
Farmmi, Inc. supplies agricultural products. It focuses on processing and selling edible fungi, mainly Shiitake and Mu Er mushrooms. The company was founded by Ye Fang Zhang and Zheng Yu Wan in 2003 and is headquartered in Lishui, China.
Where is Farmmi located?
Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its entry into a strategic investment and cooperation agreement (the "Agreement"), through its subsidiary Farmmi (Hangzhou) Enterprise Management Co., Ltd., with Sigma Holding (Hangzhou) Co., Ltd.
Is Farmmi a company?
Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today announced its subsidiary Zhejiang Forest Food Co., Ltd., won a new product order from a long-term customer for its popular dried black fungus. The customer will export Farmmi's products to Vancouver, Canada.