Blue Star Foods Corp (BSFC) Shares Down Despite Recent Market Volatility

The stock of Blue Star Foods Corp (NASDAQ: BSFC) has decreased by -6.83 when compared to last closing price of 0.09.Despite this, the company has seen a loss of -9.76% in its stock price over the last five trading days. InvestorPlace reported 2023-11-20 that Blue Star Foods (NASDAQ: BSFC ) stock is climbing higher on Monday after the company revealed details for its upcoming annual shareholder meeting. The big news here is the company’s meeting will be taking place on Dec. 27, 2023.

Is It Worth Investing in Blue Star Foods Corp (NASDAQ: BSFC) Right Now?

The stock has a 36-month beta value of 2.41. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for BSFC is 21.41M, and at present, short sellers hold a 1.51% of that float. On April 04, 2024, the average trading volume of BSFC was 1.64M shares.

BSFC’s Market Performance

BSFC stock saw a decrease of -9.76% in the past week, with a monthly decline of -41.42% and a quarterly a decrease of -38.75%. The volatility ratio for the week is 8.14%, and the volatility levels for the last 30 days are 10.93% for Blue Star Foods Corp (BSFC). The simple moving average for the past 20 days is -14.96% for BSFC’s stock, with a -78.53% simple moving average for the past 200 days.

BSFC Trading at -25.23% 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 -97.09% of loss for the given period.

Volatility was left at 10.93%, however, over the last 30 days, the volatility rate increased by 8.14%, as shares sank -18.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.92% lower at present.

During the last 5 trading sessions, BSFC fell by -9.76%, which changed the moving average for the period of 200-days by -94.06% in comparison to the 20-day moving average, which settled at $0.1002. In addition, Blue Star Foods Corp saw -40.28% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BSFC starting from Herian Nubar, who purchase 21,000 shares at the price of $0.10 back on Feb 28 ’24. After this action, Herian Nubar now owns 224,736 shares of Blue Star Foods Corp, valued at $2,113 using the latest closing price.

Herian Nubar, the Director of Blue Star Foods Corp, purchase 20,000 shares at $0.14 during a trade that took place back on Jan 16 ’24, which means that Herian Nubar is holding 203,736 shares at $2,780 based on the most recent closing price.

Stock Fundamentals for BSFC

Current profitability levels for the company are sitting at:

  • -0.56 for the present operating margin
  • 0.06 for the gross margin

The net margin for Blue Star Foods Corp stands at -2.4. The total capital return value is set at -3.86. Equity return is now at value -662.85, with -59.46 for asset returns.

Based on Blue Star Foods Corp (BSFC), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at -1.47. The debt to equity ratio resting at 3.71. The interest coverage ratio of the stock is -1.77.

Currently, EBITDA for the company is -5.08 million with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 46.88for trailing twelve months and the total asset turnover is 0.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.28.


To sum up, Blue Star Foods Corp (BSFC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.

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