As of Friday close, Blue Star Foods Corp.’s (NASDAQ:BSFC) stock was up $0.08, moving up 9.40 percent to $0.88. The average number of shares traded per day over the past five days has been 1,250,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.1449 fall in that time frame. In the last twenty days, the average volume was 387,950, while in the previous 50 days, it was 309,487.
Since last month, BSFC stock retreated -20.45%. Shares of the company fell to $0.7630 on 08/04/23, the lowest level in the past month. A 52-week high of $27.80 was reached on 01/30/23 after having rallying from a 52-week low of $0.79. Since the beginning of this year, BSFC’s stock price has dropped by -89.06% or -$7.1229, and marked a new high 4 times. However, the stock has declined by -96.85% since its 52-week high.
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BSFC stock investors should be aware that Blue Star Foods Corp. (BSFC) stock had its last reported insider trading activity 235 days ago on Dec 13. Herian Nubar, the Director of the company, purchased of 1,672 shares for $0.44 on Dec 13. It resulted in a $736 investment by the insider. Herian Nubar added 1,493 shares at an average price of $8.28 on Dec 12. The insider now owns 38,333 shares following the transaction. On Oct 26, Director Guzy Jeffrey J bought 1,000 shares at $0.97 apiece. The transaction was valued at $970.
Valuation Metrics
The stock’s beta is 2.11. Besides these, the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 3.13.
Financial Health
In the three months ended December 30, Blue Star Foods Corp.’s quick ratio stood at 0.30, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.20, and the total debt-to-equity ratio was 10.80. On the profitability front, the trailing twelve-month gross margin is -9.20% percent. Based on annual data, BSFC earned -$0.65 million in gross profit and brought in $12.77 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -220.20%. Return on equity (ROE) for the past 12 months was -426.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Blue Star Foods Corp. to report -$0.2 quarterly earnings, the actual figure was -$1.6 per share. During the quarter, the company generated -$0.67 million in EBITDA. The liabilities of Blue Star Foods Corp. were 7.56 million at the end of its most recent quarter ended December 30, and its total debt was $5.56 million. The value of shareholders’ equity is $2.38 million.
Technical Picture
This quick technical analysis looks at Blue Star Foods Corp.’s (BSFC) price momentum. With a historical volatility rate of 117.51%, the RSI 9-day stood at 35.88% on 04 August.
With respect to its five-day moving average, the current Blue Star Foods Corp. price is down by -14.21% percent or -$0.1449. At present, BSFC shares trade -23.90% below its 20-day simple moving average and -71.36% percent below its 100-day simple moving average. However, the stock is currently trading approximately -59.49% below its SMA50 and -95.26% below its SMA200.
Stochastic coefficient K was 12.51% and Stochastic coefficient D was 9.43%, while ATR was 0.1356. Given the Stochastic reading of 23.50% for the 14-day period, the RSI (14) reading has been calculated as 35.32%. As of today, the MACD Oscillator reading stands at -0.0934, while the 14-day reading stands at -0.1471.
Analyst Ratings
Blue Star Foods Corp. (BSFC) has been rated Buy by analysts. According to 0 brokerage firms, BSFC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Blue Star Foods Corp. stock as buy, with 1 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $1.00 – $1.00. Based on these forecasts, analysts predict Blue Star Foods Corp. (BSFC) will achieve an average price target of $1.00.
