Additionally, the 36-month beta value for BSFC is 3.00. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for BSFC is 37.66M and currently, short sellers hold a 1.63% ratio of that float. The average trading volume of BSFC on May 20, 2024 was 10.28M shares.
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BSFC) stock’s latest price update
The stock price of Blue Star Foods Corp (NASDAQ: BSFC) has plunged by -45.19 when compared to previous closing price of 0.14, but the company has seen a 42.48% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-05-15 that Miami, FL, May 15, 2024 (GLOBE NEWSWIRE) — Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that it will effect a 1-for-50 reverse stock split (“Reverse Stock Split”) of its authorized and issued and outstanding shares of Class A common stock, par value $0.0001 per share (“Common Stock”). The Reverse Stock Split will become effective at 12:01am, Eastern Time, on May 20, 2024. At such time, each 50 shares of issued and outstanding Common Stock will automatically be reclassified into one new share of Common Stock. The total number of shares of Common Stock authorized for issuance will remain at 100,000,000 shares. Proportional adjustments will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the Company’s stock incentive plans and certain existing agreements. No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up. The Reverse Stock Split will affect all common stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s equity.
BSFC’s Market Performance
BSFC’s stock has risen by 42.48% in the past week, with a monthly rise of 17.70% and a quarterly drop of -36.68%. The volatility ratio for the week is 54.56% while the volatility levels for the last 30 days are 24.81% for Blue Star Foods Corp The simple moving average for the past 20 days is 18.76% for BSFC’s stock, with a -66.51% simple moving average for the past 200 days.
BSFC Trading at -6.06% 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 -97.19% of loss for the given period.
Volatility was left at 24.81%, however, over the last 30 days, the volatility rate increased by 54.56%, as shares sank -0.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.04% lower at present.
During the last 5 trading sessions, BSFC rose by +42.48%, which changed the moving average for the period of 200-days by -91.23% in comparison to the 20-day moving average, which settled at $0.0638. In addition, Blue Star Foods Corp saw -47.36% 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:
- -0.64 for the present operating margin
- -0.13 for the gross margin
The net margin for Blue Star Foods Corp stands at -0.56. The total capital return value is set at -1.3. Equity return is now at value -236.51, with -48.50 for asset returns.
Based on Blue Star Foods Corp (BSFC), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at -2.4. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is -3.84.
Currently, EBITDA for the company is -4.23 million with net debt to EBITDA at -0.3. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 7.12for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
In conclusion, Blue Star Foods Corp (BSFC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
