Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Farmmi Inc. (FAMI), an agricultural products supplier, has seen its stock price touch a 52-week low, trading at $0.17, down from its 52-week high of $0.94. This latest price point underscores a period of significant decline for the company, which has experienced a staggering 1-year change with a drop of -77.71%. According to InvestingPro data, the company’s market capitalization has shrunk to just $2.91 million, with the stock’s RSI indicating oversold conditions. Investors have been cautious as Farmmi faces market headwinds, with the stock struggling to regain momentum amidst broader economic pressures and industry-specific challenges. The 52-week low serves as a critical juncture for the company, as it seeks to navigate through the current downturn and implement strategies that could potentially reverse the negative trend in its stock performance. With a price-to-book ratio of just 0.02 and revenue of $64.13 million in the last twelve months, InvestingPro analysis reveals 16 additional key insights about the company’s financial health and market position.
In other recent news, Farmmi, Inc. has announced a significant share consolidation that was approved by shareholders on February 25, 2025. The consolidation will take effect in the marketplace on March 17, 2025, and aims to help the company comply with Nasdaq’s listing requirements. This move will convert every twelve existing ordinary shares into one issued and outstanding ordinary share, reducing the number of issued and outstanding shares from approximately 15 million to about 1.25 million. Additionally, the total number of authorized shares will decrease from 500 million to approximately 41.67 million. The consolidation will result in Farmmi’s shares trading on a split-adjusted basis under the same ticker "FAMI" but with a new CUSIP Number. No fractional shares will be issued; instead, they will be redeemed by the company. These recent developments are part of Farmmi’s efforts to maintain its Nasdaq listing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.