Blue Star Foods Corp (NASDAQ: BSFC)’s stock price has gone rise by 9.32 in comparison to its previous close of 0.12, however, the company has experienced a -11.58% decrease in its stock price over the last five trading days. PennyStocks reported 2023-03-09 that Penny stocks under $1 to watch right now. The post 10 Hot Penny Stocks Under $1 To Watch This Week appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
Is It Worth Investing in Blue Star Foods Corp (NASDAQ: BSFC) Right Now?
Moreover, the 36-month beta value for BSFC is 2.42. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price recommended by analysts for Blue Star Foods Corp (BSFC) is $20.00, which is $19.87 above the current market price. The public float for BSFC is 3.07M and currently, short sellers hold a 11.10% of that float. On November 17, 2023, BSFC’s average trading volume was 2.04M shares.
BSFC’s Market Performance
BSFC stock saw a decrease of -11.58% in the past week, with a monthly decline of -24.68% and a quarterly a decrease of -85.69%. The volatility ratio for the week is 26.82%, and the volatility levels for the last 30 days are 17.37% for Blue Star Foods Corp (BSFC). The simple moving average for the last 20 days is -4.12% for BSFC’s stock, with a simple moving average of -92.57% for the last 200 days.
BSFC Trading at -40.25% from the 50-Day Moving Average
After a stumble in the market that brought BSFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.23% of loss for the given period.
Volatility was left at 17.37%, however, over the last 30 days, the volatility rate increased by 26.82%, as shares sank -17.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -73.97% lower at present.
During the last 5 trading sessions, BSFC fell by -13.55%, which changed the moving average for the period of 200-days by -98.51% in comparison to the 20-day moving average, which settled at $0.1321. In addition, Blue Star Foods Corp saw -98.40% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at BSFC starting from Herian Nubar, who purchase 1,672 shares at the price of $0.44 back on Dec 13. After this action, Herian Nubar now owns 40,005 shares of Blue Star Foods Corp, valued at $736 using the latest closing price.
Herian Nubar, the Director of Blue Star Foods Corp, purchase 1,493 shares at $8.28 during a trade that took place back on Dec 12, which means that Herian Nubar is holding 38,333 shares at $12,359 based on the most recent closing price.
Stock Fundamentals for BSFC
Current profitability levels for the company are sitting at:
- -45.56 for the present operating margin
- -9.68 for the gross margin
The net margin for Blue Star Foods Corp stands at -103.35. The total capital return value is set at -63.13, while invested capital returns managed to touch -318.06. Equity return is now at value -326.55, with -102.20 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 0.89, with the company’s debt to enterprise value settled at 0.40. The receivables turnover for the company is 12.49 and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
To wrap up, the performance of Blue Star Foods Corp (BSFC) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.