Blue Star Foods Corp (NASDAQ: BSFC) stock jumped 18.21% on Friday to $0.14 against a previous-day closing price of $0.12. With 3.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.04 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $0.1390 whereas the lowest price it dropped to was $0.1135. The 52-week range on BSFC shows that it touched its highest point at $16.60 and its lowest point at $0.10 during that stretch. It currently has a 1-year price target of $20.00. Beta for the stock currently stands at 2.42.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BSFC was down-trending over the past week, with a drop of -4.39%, but this was down by -18.55% over a month. Three-month performance dropped to -84.52% while six-month performance fell -93.83%. The stock lost -99.13% in the past year, while it has lost -98.27% so far this year.
Float and Shares Shorts:
At present, 4.13 million BSFC shares are outstanding with a float of 3.05 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.34 million, which was 8.25% higher than short shares on Sep 28, 2023. In addition to Mr. John R. Keeler as the firm’s Founder, Executive Chairman & CEO, Ms. Silvia Sosa Alana serves as its CFO & Director.
Through their ownership of 1.23% of BSFC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.40% of BSFC, in contrast to 0.08% held by mutual funds. As the largest shareholder in BSFC with 1.33% of the stake, Armistice Capital LLC holds 55,000 shares worth 55,000. A second-largest stockholder of BSFC, Two Sigma Securities LLC, holds 32,173 shares, controlling over 0.78% of the firm’s shares. XTX Markets LLC is the third largest shareholder in BSFC, holding 11,274 shares or 0.27% stake. With a 0.06% stake in BSFC, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 2,554 shares are owned by the mutual fund manager. The Fidelity Series Total Market Inde, which owns about 0.01% of BSFC stock, is the second-largest Mutual Fund holder. It holds 525 shares valued at 66.0. 1290 VT Micro Cap Portfolio holds 0.00% of the stake in BSFC, owning 0 shares worth 0.0.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BSFC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BSFC analysts setting a high price target of $20.00 and a low target of $20.00, the average target price over the next 12 months is $20.00. Based on these targets, BSFC could surge 14185.71% to reach the target high and rise by 14185.71% to reach the target low. Reaching the average price target will result in a growth of 14185.71% from current levels.
Summary of Insider Activity:
Insiders traded BSFC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 558,721 while 0 shares were sold.