A secret that hides Blue Star Foods Corp’s strength (NASDAQ:BSFC)

Stocks of Blue Star Foods Corp (NASDAQ:BSFC) traded higher last session on Wall Street, up 2.41% to $0.13.

According to the data, Blue Star Foods Corp (NASDAQ:BSFC) has 1 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $20.00, we find $20.00. Given the previous closing price of $0.12, this indicates a potential upside of 16566.67 percent. BSFC stock price is now -51.81% away from the 50-day moving average and -93.48% away from the 200-day moving average. The market capitalization of the company currently stands at $0.53M.

A total of 0 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $20.00 as their price target over the next twelve months.

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 $5200.65. 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 $4983.29. A total of 25.73% of the company’s stock is owned by insiders.

Thursday’s opening bell rang with an opening price of $0.1280 for Blue Star Foods Corp (NASDAQ: BSFC). During the past 12 months, Blue Star Foods Corp has had a low of $0.10 and a high of $18.78. The fifty day moving average price for BSFC is $0.2647 and a two-hundred day moving average price translates $1.9573 for the stock.

The latest earnings results from Blue Star Foods Corp (NASDAQ: BSFC) was released for Jun, 2023. According to the Packaged Foods Company, earnings per share came in at -$1.6, missing analysts’ expectations of -$0.2 by -1.4. This compares to -$1.15 EPS in the same period last year. The net profit margin was -175.50% and return on equity was -326.55% for BSFC. The company reported revenue of $1.66 million for the quarter, compared to $2.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.04 percent.

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