Blue Star Foods Corp (NASDAQ: BSFC) has seen a rise in its stock price by 10.28 in relation to its previous close of 0.46. However, the company has experienced a -4.23% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-14 that Balance Sheet Improvement by 50% Reduction in Liabilities Year-Over-Year Miami, FL, Oct. 14, 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 its Chairman and CEO John Keeler provided the following letter to shareholders. Blue Star Foods Corp remains committed to transparency and integrity.
Is It Worth Investing in Blue Star Foods Corp (NASDAQ: BSFC) Right Now?
Company’s 36-month beta value is 2.41.Analysts have differing opinions on the stock, with 1 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 2.34M, and currently, short sellers hold a 3.61% ratio of that floaft. The average trading volume of BSFC on October 17, 2024 was 621.35K shares.
BSFC’s Market Performance
BSFC’s stock has seen a -4.23% decrease for the week, with a -26.57% drop in the past month and a -76.51% fall in the past quarter. The volatility ratio for the week is 14.86%, and the volatility levels for the past 30 days are at 11.15% for Blue Star Foods Corp The simple moving average for the past 20 days is -6.70% for BSFC’s stock, with a -84.43% simple moving average for the past 200 days.
BSFC Trading at -38.51% 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 -95.77% of loss for the given period.
Volatility was left at 11.15%, however, over the last 30 days, the volatility rate increased by 14.86%, as shares sank -21.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -67.10% lower at present.
During the last 5 trading sessions, BSFC fell by -3.74%, which changed the moving average for the period of 200-days by -92.74% in comparison to the 20-day moving average, which settled at $0.5440. In addition, Blue Star Foods Corp saw -92.95% 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 20,000 shares at the price of $0.14 back on Jan 16 ’24. After this action, Herian Nubar now owns 203,736 shares of Blue Star Foods Corp, valued at $2,780 using the latest closing price.
Herian Nubar, the Director of Blue Star Foods Corp, purchase 21,000 shares at $0.10 during a trade that took place back on Feb 28 ’24, which means that Herian Nubar is holding 224,736 shares at $2,113 based on the most recent closing price.
Stock Fundamentals for BSFC
Current profitability levels for the company are sitting at:
- -0.57 for the present operating margin
- -0.14 for the gross margin
The net margin for Blue Star Foods Corp stands at -0.61. The total capital return value is set at -0.77. Equity return is now at value -174.10, with -52.93 for asset returns.
Based on Blue Star Foods Corp (BSFC), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -3.84. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is -1.63.
Currently, EBITDA for the company is -4.23 million with net debt to EBITDA at -0.32. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 11.0for trailing twelve months and the total asset turnover is 0.82. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In a nutshell, Blue Star Foods Corp (BSFC) has experienced a bad performance in recent times. The stock has received mixed “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.
