The Week Ahead: Are Investors Really Too Optimistic About Blue Star Foods Corp (NASDAQ: BSFC)

Blue Star Foods Corp (NASDAQ:BSFC) currently has a daily average trading volume of 621.35K but it saw 3801243 shares traded in last market. With a market cap of 1.36M USD, the company’s current market price of $0.54 came rising about 17.84 while comparing to the previous closing price of $0.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.00 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $0.4573 while lowest mark touched by it was $0.569.

Taking a look at 20-day trading activity of Blue Star Foods Corp (BSFC) gives us an average price of $0.5456, while its current price level is -95.48% below from 52-week high level whereas it is 20.49% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.8258 while that of 200 days or SMA-200 reads an average of $3.2580. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.39% during that period while stretching the period over a month that decreases to 12.05%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 39.41 which implies that the stock is in neutral territory.

Over the week, BSFC’s stock price is moving 2.34% up while it is -21.53% when we observe its performance for the past one month. Year-to-date it is -92.47% down and over the past year, the stock is showing a downside performance of -94.51%.

Currently, Blue Star Foods Corp’s total number of outstanding shares is 2.51M. Company’s return on investment (ROI) stands at -82.17% and return on equity (ROE) at -174.10%. Stock’s beta reads 2.41. Stock has a price to book (P/B) ratio of 0.27 while price to sale or P/S ratio amounts to 0.21. Its return on asset (ROA) is -52.93% on average.