The key reasons why Blue Star Foods Corp (BSFC) is -97.90% away from 52-week high?

Blue Star Foods Corp (NASDAQ: BSFC) started the day on Wednesday, with a price increase of 1.97% at $0.06, before settling in for the price of $0.06 at the close. Taking a more long-term approach, BSFC posted a 52-week range of $0.05-$2.70.

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The Consumer Defensive Sector giants’ yearly sales growth during the last 5-year period was -18.82%. This publicly-traded company’s shares outstanding now amounts to $40.68 million, simultaneously with a float of $32.15 million. The organization now has a market capitalization sitting at $2.31 million. At the time of writing, stock’s 50-day Moving Average stood at $0.0901, while the 200-day Moving Average is $0.2797.

Blue Star Foods Corp (BSFC) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Packaged Foods Industry. Blue Star Foods Corp’s current insider ownership accounts for 20.98%, in contrast to 0.69% institutional ownership. According to the most recent insider trade that took place on Feb 28 ’24, this organization’s Director bought 21,000 shares at the rate of 0.10, making the entire transaction reach 2,113 in total value, affecting insider ownership by 224,736. Preceding that transaction, on Jan 16 ’24, Company’s Director bought 20,000 for 0.14, making the whole transaction’s value amount to 2,780. This particular insider is now the holder of 203,736 in total.

Blue Star Foods Corp (NASDAQ: BSFC) Trading Performance Indicators

Let’s observe the current performance indicators for Blue Star Foods Corp (BSFC). It’s Quick Ratio in the last reported quarter now stands at 0.44. The Stock has managed to achieve an average true range (ATR) of 0.01. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.38.

In the same vein, BSFC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.93.

Technical Analysis of Blue Star Foods Corp (BSFC)

If we take a close look at the recent performances of Blue Star Foods Corp (NASDAQ: BSFC), its last 5-days Average volume was 4.63 million that shows progress from its year to date volume of 4.52 million. During the previous 9 days, stock’s Stochastic %D was recorded 8.64% While, its Average True Range was 0.0112.

Raw Stochastic average of Blue Star Foods Corp (BSFC) in the period of the previous 100 days is set at 2.90%, which indicates a major fall in contrast to 8.18% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 112.63% that was higher than 110.73% volatility it exhibited in the past 100-days period.