In yesterday’s Wall Street session, Blue Star Foods Corp. (NASDAQ:BSFC) shares traded at $0.11, up 0.93% from the previous session.
As of this writing, 1 analysts cover Blue Star Foods Corp. (NASDAQ:BSFC). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $1.00, we find $1.00. Given the previous closing price of $0.11, this indicates a potential upside of 809.09 percent. BSFC stock price is now -18.24% away from the 50-day moving average and -80.68% away from the 200-day moving average. The market capitalization of the company currently stands at $4.82M.
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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.00 as their price target over the next twelve months.
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In other news, Herian Nubar, Director bought 1,672 shares of the company’s stock on Dec 13. The stock was bought for $736 at an average price of $0.44. Upon completion of the transaction, the Director now directly owns 40,005 shares in the company, valued at $4400.55. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12, Director Herian Nubar bought 1,493 shares of the business’s stock. A total of $12,359 was incurred on buying the stock at an average price of $8.28. This leaves the insider owning 38,333 shares of the company worth $4216.63. Insiders disposed of 69,691 shares of company stock worth roughly $7666.01 over the past 1 year. A total of 58.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BSFC stock. A new stake in Blue Star Foods Corp. shares was purchased by VIRTU FINANCIAL LLC during the first quarter worth $26,000. RENAISSANCE TECHNOLOGIES LLC invested $10,000 in shares of BSFC during the first quarter. In the first quarter, TWO SIGMA SECURITIES, LLC acquired a new stake in Blue Star Foods Corp. valued at approximately $4,000. In total, there are 14 active investors with 4.90% ownership of the company’s stock.
Tuesday morning saw Blue Star Foods Corp. (NASDAQ: BSFC) opened at $0.1200. During the past 12 months, Blue Star Foods Corp. has had a low of $0.11 and a high of $1.68. The fifty day moving average price for BSFC is $0.1312 and a two-hundred day moving average price translates $0.5533 for the stock.
The latest earnings results from Blue Star Foods Corp. (NASDAQ: BSFC) was released for Dec, 2022. According to the Packaged Foods Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.01 by -0.07. This compares to -$0.04 EPS in the same period last year. The company reported revenue of $1.9 million for the quarter, compared to $5.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -64.35 percent.
Blue Star Foods Corp.(BSFC) Company Profile
Blue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized various crab meats sourced primarily from Southeast Asia; and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands. Blue Star Foods Corp. was formerly known as John Keeler & Co. Inc. The company was incorporated in 1995 and is based in Miami, Florida.
