Last Updated: 08 Nov 2024
Executive Summary
Farmmi Inc. (FAMI) is a Chinese agricultural products processor and seller. The company has a market capitalization of $34.81 million and trades on the NASDAQ exchange. FAMI's latest stock price is $0.29. The company's fundamentals are weak, with low profitability and revenue growth. The technical analysis is also bearish, with the stock price below its moving averages. The short-term outlook is negative, and the long-term outlook is uncertain. Analysts do not have a strong buy or sell recommendation on the stock.
Company Overview
Farmmi Inc. processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company's products include canned fruits, vegetables, preserves, jams, and jellies. FAMI also sells frozen fruits and vegetables, as well as other food products. The company has a production capacity of over 1 million tons of processed agricultural products per year.
Fundamental Analysis
FAMI's financial performance has been weak in recent years. The company's revenue has declined from $96.2 million in 2020 to $86.3 million in 2023. The company's net income has also declined, from $10.2 million in 2020 to $2.5 million in 2023. FAMI's profitability metrics are also weak. The company's gross margin is only 6.3%, and its operating margin is only 2.5%. FAMI's return on assets is only 0.8%, and its return on equity is only 0.9%.
Technical Analysis
The technical analysis of FAMI's stock price is bearish. The stock price is below its 50-day and 200-day moving averages. The stock price is also in a downtrend, and it has not made a higher high or a higher low in over a year.
Short Term Outlook
The short-term outlook for FAMI's stock price is negative. The stock price is below its moving averages, and it is in a downtrend. The stock price is also likely to continue to decline in the near term.
Long Term Outlook
The long-term outlook for FAMI's stock price is uncertain. The company's fundamentals are weak, and the technical analysis is bearish. However, the company's stock price could rebound if the company's financial performance improves.
Analyst Recommendations
Analysts do not have a strong buy or sell recommendation on FAMI's stock. The consensus price target for the stock is $0.50, which is 72.4% above the current price.
