Examining the Potential Price Growth of Blue Star Foods Corp. (BSFC)

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In a filing, Blue Star Foods Corp. revealed its Director Herian Nubar acquired Company’s shares for reported $736.0 on Dec 13. In the deal valued at $0.44 per share,1,672 shares were bought. As a result of this transaction, Herian Nubar now holds 40,005 shares worth roughly $ 21602.7.

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Then, Herian Nubar bought 1,493 shares, generating $12,359 in total proceeds. Upon buying the shares at $8.28, the Director now owns 38,333 shares.

Before that, Guzy Jeffrey J bought 1,000 shares. Blue Star Foods Corp. shares valued at $970 were divested by the Director at a price of $0.97 per share. As a result of the transaction, Guzy Jeffrey J now holds 33,409 shares, worth roughly $18040.86.

Price Performance Review of BSFC

On Friday, Blue Star Foods Corp. [NASDAQ:BSFC] saw its stock fall -3.14% to $0.54. On the same session, the stock had its day’s lowest price of $0.51, but rose to a high of $0.5599. Over the last five days, the stock has lost -20.00%. Blue Star Foods Corp. shares have fallen nearly -93.25% since the year began. Nevertheless, the stocks have fallen -97.65% over the past one year. While a 52-week high of $25.40 was reached on 01/30/23, a 52-week low of $0.54 was recorded on 09/01/23. SMA at 50 days reached $0.9718, while 200 days put it at $4.3832. A total of 0.15 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For BSFC Stock

The 24-hour chart illustrates a support level at 0.5134, which if violated will result in even more drops to 0.4867. On the upside, there is a resistance level at 0.5633. A further resistance level may holdings at 0.5865. The Relative Strength Index (RSI) on the 14-day chart is 31.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1742, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.30%. Stochastics %K at 3.29% indicates the stock is a buying.

How much short interest is there in Blue Star Foods Corp.?

A steep rise in short interest was recorded in Blue Star Foods Corp. stocks on Aug 14, 2023, growing by 0.2 million shares to a total of 0.34 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.14 million shares. There was a rise of 58.64%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.68% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.17.

Blue Star Foods Corp. [BSFC] – Who Are The Largest Shareholders?

In filings from UBS Securities LLC, it is revealed that the company now owns 1,848 shares, or roughly 0.07% of the outstanding BSFC shares. In other words, the investor’s shares have fallen by -5,657 from its previous 13-F filing of 7505.0.. Over the last quarter, Tower Research Capital LLC sold -440 shares of Blue Star Foods Corp., while Renaissance Technologies LLC sold -4,420 shares. At present, Sequoia Financial Advisors LLC is holding 0 shares valued at $0.0. Wells Fargo Bank, NA owned 10 shares of the company at the time of its most recent 13F filing, worth $8.0.

According to FactSet, Blue Star Foods Corp.’s share price will average $1.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 78.57 percent from its previous closing price of $0.56. Analysts expect Blue Star Foods Corp. stock to reach the higher price of $1.00, while the lowest price estimate is $1.00. However, 1 analyst have rated BSFC stock as a Buy in their predictions for 2023.

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