Blue Star Foods Corp (BSFC): An Intriguing Investment

Blue Star Foods Corp (NASDAQ:BSFC) concluded the trading at $0.06 on Thursday, May 02, with a rise of 4.93% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.06. Considering stock’s 52-week price range provides that BSFC hit a high price of $2.70 and saw its price falling to a low level of $0.05 during that period. Over a period of past 1-month, stock came subtracting -30.70% in its value.

With its current market valuation of $2.42 million. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of 3.69M. They suggested that in the process company could generate revenue of as low as 3.69M which could climb up to 3.69M to hit a high.

In contrast, when we review BSFC stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.

Digging deeper we become aware of the PEG ratio of the BSFC stock which is currently positioned at 0. It further provides that stock’s current price level is -17.29% away from its 20-day simple moving average and is -33.89% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 35.86 while volatility remained at 11.54% over the past week which changes to 21.15% when measuring it over the past month. Beta is valued at 2.51, while measure of average true range or ATR is currently at 0.01.

Having a second look at Blue Star Foods Corp (NASDAQ:BSFC) provides that stock’s average daily trading volume for 3 months was 5.80 million. Number of outstanding shares of the stock stood at 40.68 million.

The percentage of outstanding shares held by the insiders is 20.98% while it is 0.69% for the institutional holders. Subtraction of -58.61% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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