Blue Star Foods Corp (NASDAQ: BSFC) kicked off on November 20, 2023, at the price of $0.17, up 21.55% from the previous trading day. During the day, the shares moved up to $0.1878 and dropped to $0.155 before settling in for the closing price of $0.14. Over the past 52 weeks, BSFC has traded in a range of $0.10-$16.40.
A company in the Consumer Defensive sector has dropped its sales by -10.52% annually for the last half of the decade. With a float of $3.05 million, this company’s outstanding shares have now reached $4.13 million.
In an organization with 35 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -9.68, operating margin of -45.56, and the pretax margin is -103.35.
Blue Star Foods Corp (BSFC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Packaged Foods Industry. The insider ownership of Blue Star Foods Corp is 26.14%, while institutional ownership is 2.48%. The most recent insider transaction that took place on Dec 13, was worth 736. In this transaction Director of this company bought 1,672 shares at a rate of $0.44, taking the stock ownership to the 40,005 shares. Before that another transaction happened on Dec 12, when Company’s Director bought 1,493 for $8.28, making the entire transaction worth $12,359. This insider now owns 38,333 shares in total.
Blue Star Foods Corp (BSFC) Latest Financial update
In the latest quarterly report, which was put into the public domain on 12/30/2022, the organization reported -$1.6 earnings per share (EPS), lower than consensus estimate (set at -$0.2) by -$1.4. This company achieved a net margin of -103.35 while generating a return on equity of -344.46. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
Blue Star Foods Corp (NASDAQ: BSFC) Trading Performance Indicators
Take a look at Blue Star Foods Corp’s (BSFC) current performance indicators. Last quarter, stock had a quick ratio of 0.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -9.94
Technical Analysis of Blue Star Foods Corp (BSFC)
Let’s dig in a bit further. During the last 5-days, its volume was 7.95 million. That was better than the volume of 1.04 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 36.06%. Additionally, its Average True Range was 0.03.
During the past 100 days, Blue Star Foods Corp’s (BSFC) raw stochastic average was set at 3.49%, which indicates a significant decrease from 63.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 175.20% in the past 14 days, which was higher than the 152.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.2012, while its 200-day Moving Average is $1.6418. However, in the short run, Blue Star Foods Corp’s stock first resistance to watch stands at $0.1856. Second resistance stands at $0.2031. The third major resistance level sits at $0.2184. If the price goes on to break the first support level at $0.1528, it is likely to go to the next support level at $0.1375. The third support level lies at $0.1200 if the price breaches the second support level.
Blue Star Foods Corp (NASDAQ: BSFC) Key Stats
The company with the Market Capitalisation of 0.69 million has total of 3,398K Shares Outstanding. Its annual sales at the moment are 12,770 K in contrast with the sum of -13,190 K annual income. Company’s last quarter sales were recorded 1,660 K and last quarter income was -1,450 K.