Blue Star Foods Corp (NASDAQ:BSFC) finished Friday with an addition of $0.02 to close at $0.26, an upside of 9.66 percent. An average of 961,200 shares of common stock have been traded in the last five days. There was a fall of -$0.0298 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 615,985 shares traded, while the 50-day average volume stands at 1,164,556.
BSFC stock has decreased by -55.56% in the last month. The company shares reached their 1-month lowest point of $0.2100 on 09/28/23. With the stock rallying to its 52-week high on 01/30/23, shares of the company touched a low of $0.21 and a high of $21.80 in 52 weeks. It has reached a new high 4 times so far this year and lost -96.75% or -$7.7380 in price. In spite of this, the price is down -98.81% from the 52-week high.
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Valuation Metrics
Blue Star Foods Corp (BSFC) stock’s beta is 2.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.11.
Financial Health
The quick ratio of Blue Star Foods Corp for the three months ended December 30 was 0.23, and the current ratio was 0.74, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at -$0.65 million compared to revenue of $12.77 million.
Earnings Surprise
For the three-month period that ended December 30, Blue Star Foods Corp had $0.29 million in total debt. The analyst consensus anticipated Blue Star Foods Corp’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$1.6, a -700.00% surprise. For the quarter, EBITDA amounted to -$0.82 million. Shareholders own equity worth $3.07 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Blue Star Foods Corp (BSFC) price momentum. RSI 9-day as of the close on 29 September was 29.88%, suggesting the stock is oversold, with historical volatility in this time frame at 115.55%.
As of today, BSFC’s price is $0.2355 -10.28% or -$0.0298 from its 5-day moving average. BSFC is currently trading -53.36% lower than its 20-day SMA and -88.63% lower than its 100-day SMA. However, the stock’s current price level is -76.15% below the SMA50 and -97.11% below the SMA200.
The stochastic %K and %D were 10.73% and 6.24%, respectively, and the average true range (ATR) was 0.0639. With the 14-day stochastic at 19.23% and the average true range at 0.0798, the RSI (14) stands at 30.26%. The stock has reached -0.0288 on the 9-day MACD Oscillator while the 14-day reading was at -0.0706.
Analyst Ratings
The consensus rating for Blue Star Foods Corp (BSFC) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BSFC, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is BSFC’s price target for the next 12 months?
Analysts predict a range of price targets between $20.00 and $20.00, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Blue Star Foods Corp (BSFC) stock is $20.00.
