Blue Star Foods Corp (NASDAQ:BSFC) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $0.09.
Actively observing the price movement in the last trading, the stock closed the session at $0.09. The value of beta (5-year monthly) was 2.45. Referring to stock’s 52-week performance, its high was $2.96, and the low was $0.08. On the whole, BSFC has fluctuated by -18.10% over the past month.
With the market capitalization of Blue Star Foods Corp currently standing at about $2.43 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 16, 2024 – Apr 22, 2024.
Analysts have estimated the company’s revenue for the quarter at $3.69 million, with a low estimate of $3.69 million and a high estimate of $3.69 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BSFC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BSFC currently trading nearly -14.15% and -24.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.67, while the 7-day volatility ratio is showing 9.13% which for the 30-day chart, stands at 10.21%. Furthermore, Blue Star Foods Corp (BSFC)’s beta value is 2.42, and its average true range (ATR) is 0.01.
A comparison of Blue Star Foods Corp (BSFC) with its peers suggests the former has fared considerably weaker in the market. BSFC showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -96.93%%.
Data on historical trading for Blue Star Foods Corp (NASDAQ:BSFC) indicates that the trading volumes over the past 10 days have averaged 0.89 million and over the past 3 months, they’ve averaged 1.65 million. According to company’s latest data on outstanding shares, there are 23.09 million shares outstanding.
Nearly 24.28% of Blue Star Foods Corp’s shares belong to company insiders and institutional investors own 0.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.32 million shares as on Mar 15, 2024, resulting in a short ratio of 0.1. According to the data, the short interest in Blue Star Foods Corp (BSFC) stood at 1.15% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 0.23 million. The stock has fallen by -40.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BSFC stock heading into the next quarter.
