How to Buy Blue Star Foods Stock
Blue Star Foods Corp
Blue Star Foods Corp. , through its subsidiaries, operates as a marine protein company in the United States and Canada.
Blue Star Foods stock last closed at $0.10, down 2.06% from the previous day, and has decreased 93.12% in one year. It has underperformed other stocks in the Packaged Foods industry by 0.97 percentage points. Blue Star Foods stock is currently +13.1% from its 52-week low of $0.08, and -94.35% from its 52-week high of $1.68.
At the moment, there are 47.69M BSFC shares outstanding. The market value of BSFC is $4.53M. In the last 24 hours, 2.6M BSFC shares were traded.
How to Buy Blue Star Foods Stock
Wondering how to invest in Blue Star Foods stock? Here's how.
- Figure out where to buy Blue Star Foods stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Blue Star Foods stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your information.
- Analyze Blue Star Foods stock: The Blue Star Foods ticker symbol is BSFC. Is Blue Star Foods stock a good investment? Should you buy shares of BSFC? How do BSFC's underlying business fundamentals look? Do top analysts think Blue Star Foods is a good buy? Why has BSFC's stock price moved recently? (Hint: Our stock research website can help you decide if BSFC is a good stock to buy).
- Execute your BSFC buy order: Decide if you will purchase BSFC shares at the current market price or use a limit order to buy BSFC stock at a given price.
- Get the latest scoop on your BSFC position: Create a watchlist to get the latest news on your investment in Blue Star Foods shares.
Step 1: Figure out where to buy Blue Star Foods stock
You need an online brokerage account to access the NASDAQ market and buy BSFC shares.
Our favorite brokerage: eToro
Based on our experience, eToro is the best brokerage. Here's why:
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- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal info so you can invest in BSFC today.
How to Set Up a New Investment Account on eToro
- Click here to get started.
- Input your personal info to open a new brokerage account.
- Submit your details by pressing the "Create Account" button.
Step 3: Fund your brokerage account
Now that you have filled out your info on stock market apps, you need to deposit funds:
Watch the walkthrough below to see the process of transferring funds into your new investment account.
Step 4: Analyze Blue Star Foods stock
Once you have chosen the best place to buy Blue Star Foods stock, it's crucial to evaluate their stock prior to buying, so you actually wrap your head around the risk and opportunity.
Blue Star Foods shares data
BSFC Due Diligence Checks
WallStreetZen was created to help average investors do more accurate fundamental analysis.
You can view all of the due diligence checks on BSFC's stock page.
How is BSFC stock valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge BSFC's intrinsic value.
Using relative valuations methods:
- BSFC could be overvalued based on its P/B ratio of 9.45x, relative to Packaged Foods industry P/B ratio of 2.39x
You can do more valuation research on BSFC's stock here.
BSFC Financials at a glance
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the BSFC balance sheet.
- BSFC has $188.91k in cash and short term investments. This is sufficient to cover its annual cash burn of $2.25M.
Failed Health Checks:
- BSFC has a relatively high debt to equity ratio of 15.78.
- There are more short-term liabilities than short-term assets on the BSFC balance sheet.
- BSFC profit margin has gone down from -24.8% to -150.9% in the past year.
- BSFC has cash burn of 2249953. It does not have enough cash and short-term investments to cover this.
Is it a good time to buy BSFC stock, according to Wall Street analysts?
Out of 1 Wall Street analysts who research BSFC, the consensus analyst rating on BSFC is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest BSFC Analyst Forecasts
Michael Albanese, a bottom 6% analyst from EF Hutton reiterates BSFC with a strong buy rating and maintains their BSFC price target from $1.00 to $1.00, on May 25, 2023.
You can dive deeper into what analysts are projecting on the Blue Star Foods stock forecast page.
BSFC Momentum
BSFC Performance Metrics
Last year, BSFC revenue was $9.34M. Over the past 4 year, BSFC's revenue has grown by -25.6% per year. This was slower than the Packaged Foods industry average of 7.44%.
You can analyze BSFC's earnings and revenue performance here.
Latest Insiders Trades at BSFC
Over the last 12 months, insiders at BSFC have bought more shares than they have sold.
Silvia Sosa Alana, Chief Financial Officer of BSFC, was the latest BSFC insider to buy. They bought $17,361.20 worth of BSFC shares on Dec 31, 2022.
Dig into more about who owns BSFC shares here.
Does BSFC provide a stable income stream?
No, Blue Star Foods doesn't provide an income stream by paying out dividends.
What do other investors have to say about BSFC?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Execute your BSFC buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open button and your broker will execute the order.
If you need additional help buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your BSFC position
Now that you own some BSFC stock, you'll want to keep up with your new investment.
Create a watchlist to keep track of your BSFC stock.
BSFC Feed
How to Buy Stock in Blue Star Foods
To reiterate, here are the 6 steps you need to take to buy Blue Star Foods stock right now:
- Figure out where to buy Blue Star Foods stock
- Sign up for your brokerage account
- Fund your brokerage account
- Analyze Blue Star Foods stock
- Execute your BSFC buy order
- Get the latest scoop on your BSFC position
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Blue Star Foods, click the button below.
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