Farmmi Inc (NASDAQ: FAMI) Trading above Its 20 Day MA ($0.3002), Why Showing An Interesting Price Pattern?

Farmmi Inc (NASDAQ:FAMI) does about 1.20M shares in volume on a normal day but saw 1175261 shares change hands in the recent trading day. The company now has a market cap of 3.79M USD. Its current market price is $0.35, marking an increase of 8.76% compared to the previous close of $0.33. The 52 week high reached by this stock is $2.35 whilst the lowest price level in 52 weeks is $0.17.

Farmmi Inc (FAMI) has a 20-day trading average at $0.3002 and the current price is -84.90% off the 52-week high compared with 114.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.2991 and its 200-day simple moving average is $0.5142. If we look at the stock’s price movements over the week, volatility stands at 12.25%, which decreases to 10.99% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.27 to suggest the stock is neutral.

The current price level is 18.23%, 18.65%, and -30.98% away from its SMA20, SMA50, and SMA200 respectively, with the FAMI price moving below the 50-day SMA on current market day. Farmmi Inc (FAMI) stock is up 16.09% over the week and 26.75% over the past month. Its price is 18.26% year-to-date and -71.38% over the past year.

The company has a return on investment of 0.97% and return on equity of 0.98%. The price to earnings ratio (P/E ratio) amounts to 1.70. The beta has a value of 1.24. Price to book ratio is 0.01 and price to sales ratio is 0.04.