Blue Star Foods Corp (NASDAQ:BSFC) shares, rose in value, with the stock price down by -3.04% to the previous day’s close as strong demand from buyers drove the stock to $0.06.
Actively observing the price movement in the last trading, the stock closed the session at $0.07. Referring to stock’s 52-week performance, its high was $2.70, and the low was $0.06. On the whole, BSFC has fluctuated by -33.05% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 33.3M, with a low estimate of 3.69M and a high estimate of 3.69M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.69M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 -19.81% and -33.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.71, while the 7-day volatility ratio is showing 19.79% which for the 30-day chart, stands at 20.34%. Furthermore, Blue Star Foods Corp (BSFC)’s beta value is 2.47, 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 -3.04% in last session, and over the past year, it shrunk by -97.18%%.
Data on historical trading for Blue Star Foods Corp (NASDAQ:BSFC) indicates that the trading volumes over the past 3 months, they’ve averaged 5.37 million. According to company’s latest data on outstanding shares, there are 40.68 million shares outstanding.
Nearly 20.98% of Blue Star Foods Corp’s shares belong to company insiders and institutional investors own 0.69% of the company’s shares. The stock has fallen by -55.69% 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.
