The announcement of upsized underwritten public offering is the obvious reason for the declining FAMI stock price. The recent developments of the Farmmi show that the FAMI stock is continuously expanding sales of its high-quality products around the globe. In the short long-term investors need to keep an eye on it.
Full Answer
Why is farmmi (FAMI) stock down?
Apr 29, 2021 · Yesterday, Farmmi announced a rather large offering of 140 million shares of FAMI stock at 30 cents per share. This price was a massive discount to the …
How did farmmi raise $81 million through its public offering?
Sep 13, 2021 · The price of stocks typically falls with underwritten public offerings as they are often priced lower than the stock’s current trading value. In …
What is the price of farmmi stock?
Apr 21, 2021 · Farmmi, Inc. (FAMI) stock declined in the current market; here is why? Farmmi, Inc. (FAMI) stock declined in the current market after Russia invaded Ukraine. Farmmi is an agriculture product supplier based in China. FAMI values at Record Fiscal 2021: Farmmi Inc. (FAMI) stock Soars After Hours
What drove farmmi stock up 13% in pre-market trading?
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.
Why is Farmmi stock going down?
Is Farmmi a good investment?
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Score -8.143.
| P/E Ratio | 1.02 |
|---|---|
| Beta | -0.22 |
Is fami undervalued?
Is Stellantis a buy now?
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Is fami a meme stock?
Is STLA stock a good investment?
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.97% |
| 2 | Buy | 18.45% |
| 3 | Hold | 10.03% |
| 4 | Sell | 5.70% |
Is STLA stock a buy?
The 21 analysts offering 12-month price forecasts for Stellantis NV have a median target of 25.24, with a high estimate of 37.75 and a low estimate of 15.44. The median estimate represents a +79.02% increase from the last price of 14.10.
Farmmi Media Sentiment
Each headline receives a score ranging from 2 (good news) to -2 (bad news). Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press.
Media Coverage
We track news headlines from hundreds of news outlets and tag them by company. This chart compares the number of articles about this company in the last seven days compared with the average number of articles about this company on a typical week.
Farmmi (NASDAQ FAMI) News Headlines Today
Sentiment refers to the positivity or negativity of each headline according to our language processing algorithm.
What stocks does MarketBeat like better than Farmmi?
Wall Street analysts have given Farmmi a "N/A" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Farmmi wasn't one of them.
Are investors shorting Farmmi?
Farmmi saw a increase in short interest in the month of July. As of July 30th, there was short interest totaling 1,660,000 shares, an increase of 30.7% from the July 15th total of 1,270,000 shares. Based on an average trading volume of 21,330,000 shares, the days-to-cover ratio is presently 0.1 days.
How has Farmmi's stock been impacted by Coronavirus (COVID-19)?
Farmmi's stock was trading at $0.6246 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FAMI shares have decreased by 37.4% and is now trading at $0.3913.#N#View which stocks have been most impacted by COVID-19.
Who are some of Farmmi's key competitors?
Some companies that are related to Farmmi include HF Foods Group (HFFG), Spring Valley Acquisition (SV), Limoneira (LMNR), Alico (ALCO), AgEagle Aerial Systems (UAVS), Burcon NutraScience (BRCN), Burcon NutraScience (BUROF), Greenlane (GNLN), NewAge (NBEV), Crimson Wine Group (CWGL), The Alkaline Water (WTER), The Alkaline Water (WTER), Laird Superfood (LSF), AMAYA Global (AYAG) and Calyxt (CLXT).#N#View all of FAMI's competitors..
What other stocks do shareholders of Farmmi own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Farmmi investors own include Avinger (AVGR), BIOLASE (BIOL), BIO-key International (BKYI), Check-Cap (CHEK), Nuwellis (CHFS), Intec Pharma (NTEC), Sorrento Therapeutics (SRNE), Vislink Technologies (VISL), Exela Technologies (XELA) and Acasti Pharma (ACST).
Who are Farmmi's major shareholders?
Farmmi's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (0.83%), Citadel Advisors LLC (0.21%) and Geode Capital Management LLC (0.05%).
Which major investors are buying Farmmi stock?
FAMI stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Citadel Advisors LLC, and Geode Capital Management LLC.
How Much Did Farmmi's (NASDAQ:FAMI) Shareholders Earn From Share Price Movements Over The Last Three Years?
It's nice to see the Farmmi, Inc. ( NASDAQ:FAMI ) share price up 27% in a week. But that is meagre solace in the face...
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Farmmi Bags New Product Export Order For Vancouver
Agriculture products supplier Farmmi Inc (NASDAQ: FAMI) has announced its subsidiary, Zhejiang Forest Food Co Ltd, won a new product order from a long-term customer. The order is for Farmmi’s dried black fungus. The financial terms of the deal were not disclosed. The customer will export Farmmi’s products to Vancouver, Canada.
Farmmi To Jointly Invest In RMB20M New Urban Distribution Company
Agriculture products supplier Farmmi Inc (NASDAQ: FAMI) has entered into a strategic investment and cooperation agreement, through its subsidiary Farmmi Enterprise Management Co Ltd., with Sigma Holding Co Ltd, and Hangzhou Xuyue Interactive Culture and Media Co Ltd.
Will Farmmi (NASDAQ:FAMI) Multiply In Value Going Forward?
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
