Should Investors Trust The Upside Potential In Blue Star Foods Corp (BSFC)?

Blue Star Foods Corp (NASDAQ:BSFC) currently has a daily average trading volume of 2.88M but it saw 7070411 shares traded in last market. With a market cap of 1.17M USD, the company’s current market price of $0.15 came falling about -48.21 while comparing to the previous closing price of $0.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.70 and as low as $0.20. In the recent trading on the day, stock has struck highest price mark of $0.11 while lowest mark touched by it was $0.2922.

Taking a look at 20-day trading activity of Blue Star Foods Corp (BSFC) gives us an average price of $0.2854, while its current price level is -98.30% below from 52-week high level whereas it is -26.20% 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 $0.3445 while that of 200 days or SMA-200 reads an average of $1.9113. A closer look into the stock’s movement over the week reveals that its volatility is standing at 43.74% during that period while stretching the period over a month that decreases to 27.49%. 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 29.39 which implies that the stock is in oversold territory.

Over the week, BSFC’s stock price is moving -53.82% down while it is -32.60% when we observe its performance for the past one month. Year-to-date it is -97.95% down and over the past year, the stock is showing a downside performance of -97.98%.

Currently, Blue Star Foods Corp’s total number of outstanding shares is 7.93M. Company’s return on investment (ROI) stands at -99.39% and return on equity (ROE) at -187.53%. Stock’s beta reads 2.44. Stock has a price to book (P/B) ratio of 0.11 while price to sale or P/S ratio amounts to 0.20. Its return on asset (ROA) is -64.77% on average.