The Vanguard Group, Inc. recently announced the acquisition of new stake in Blue Star Foods Corp. (NASDAQ:BSFC). The institutional investor has increased its shareholding in the Consumer Defensive company by 27.67% to 88990.0 shares with purchase of 19289.0 shares. This fresh investment now brings its stake to 0.35% valued currently at $35596.0. In addition, UBS Securities LLC raised its holdings by 11921.0 to 13032.0 shares. And Tower Research Capital LLC has lifted its position by 213.75% or 3965.0 shares – to 5820.0 shares.
With over 0.1 million Blue Star Foods Corp. (BSFC) shares trading Tuesday and a closing price of $0.36 on the day, the dollar volume was approximately $36757.799999999996. The shares have shown a negative half year performance of -72.31% and its price on 01/24/23 lost nearly -4.10%. Currently, there are 25.17M common shares owned by the public and among those 9.86M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for BSFC have a consensus price objective of $2.75. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $2.50. The average price target is 86.91% above its recent price level and an upside to the estimated low will see the stock gain 85.6% over that period. But an upside of 88.0% will see the stock hit the forecast high price target while median target price for the stock is $2.75.
Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 145,663 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 69,691 shares.
The top 3 mutual fund holders in Blue Star Foods Corp. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Vanguard Total Stock Market Index. Vanguard Extended Market Index Fu owns 60782.0 shares of the company’s stock, all valued at over $24313.0. The company bought an additional 212.0 shares recently to bring their total holdings to about 0.24% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 0.11% of the shares outstanding.
However, the script later moved the day high at 0.3800, down -4.10%. The company’s stock has a 5-day price change of -16.28% and -59.55% over the past three months. BSFC shares are trading -9.98% year to date (YTD), with the 12-month market performance down to -90.53% lower. It has a 12-month low price of $0.31 and touched a high of $4.50 over the same period. BSFC has an average intraday trading volume of 39.48K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -13.58%, -36.04%, and -66.00% respectively.
Institutional ownership of Blue Star Foods Corp. (NASDAQ: BSFC) shares accounts for 4.90% of the company’s 25.17M shares outstanding. Mutual fund holders own 4.18%, while other institutional holders and individual stakeholders account for 61.24% and 0.70% respectively.
It has a market capitalization of $9.44M. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.79% over the week and 18.05% over the month.
Analysts forecast that Blue Star Foods Corp. (BSFC) will achieve an EPS of -$0.03 for the current quarter, -$0.01 for the next quarter and $0.09 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.03 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was -$0.01 a year ago. Earnings per share for the fiscal year are expected to increase by 51.40%, and 82.60% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Blue Star Foods Corp. (BSFC) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”