On Monday, Blue Star Foods Corp (NASDAQ: BSFC) opened higher 4.34% from the last session, before settling in for the closing price of $0.31. Price fluctuations for BSFC have ranged from $0.26 to $10.40 over the past 52 weeks.
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During the last 5-year period, the sales drop of Consumer Defensive Sector giant was -23.53%. With a float of $4.69 million, this company’s outstanding shares have now reached $5.03 million.
Let’s determine the extent of company efficiency that accounts for 39 employees. In terms of profitability, gross margin is -13.66%, operating margin of -57.05%, and the pretax margin is -60.59%.
Blue Star Foods Corp (BSFC) Insider Activity
A key investor’s attitude towards the stock of the Packaged Foods industry is another important factor to consider. The insider ownership of Blue Star Foods Corp is 6.80%, while institutional ownership is 0.16%. The most recent insider transaction that took place on Jan 16 ’24, was worth 2,780. In this transaction Director of this company bought 20,000 shares at a rate of $0.14, taking the stock ownership to the 203,736 shares. Before that another transaction happened on Feb 28 ’24, when Company’s Director bought 21,000 for $0.10, making the entire transaction worth $2,113. This insider now owns 224,736 shares in total.
Blue Star Foods Corp (BSFC) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 12/31/2022, the company posted -0.8 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.4) by -0.4. 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
Check out the current performance indicators for Blue Star Foods Corp (BSFC). In the past quarter, the stock posted a quick ratio of 0.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -11.43
Technical Analysis of Blue Star Foods Corp (BSFC)
Looking closely at Blue Star Foods Corp (NASDAQ: BSFC), its last 5-days average volume was 3.7 million, which is a jump from its year-to-date volume of 0.92 million. As of the previous 9 days, the stock’s Stochastic %D was 10.96%. Additionally, its Average True Range was 0.09.
During the past 100 days, Blue Star Foods Corp’s (BSFC) raw stochastic average was set at 1.67%, which indicates a significant decrease from 12.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 206.76% in the past 14 days, which was higher than the 141.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6410, while its 200-day Moving Average is $2.8539. However, in the short run, Blue Star Foods Corp’s stock first resistance to watch stands at $0.3453. Second resistance stands at $0.3695. The third major resistance level sits at $0.4091. If the price goes on to break the first support level at $0.2815, it is likely to go to the next support level at $0.2419. Should the price break the second support level, the third support level stands at $0.2177.
Blue Star Foods Corp (NASDAQ: BSFC) Key Stats
There are currently 1,053K shares outstanding in the company with a market cap of 1.60 million. Presently, the company’s annual sales total 6,120 K according to its annual income of -4,470 K. Last quarter, the company’s sales amounted to 1,780 K and its income totaled -1,840 K.
