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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 $2.07, down 9.61% from the previous day, and has decreased 96.89% in one year. It has underperformed other stocks in the Packaged Foods industry by 0.86 percentage points. Blue Star Foods stock is currently +1.97% from its 52-week low of $2.03, and -98.01% from its 52-week high of $104.00.

At the moment, there are 1.05M BSFC shares outstanding. The market value of BSFC is $2.18M. In the last 24 hours, 228,629 BSFC shares were traded.

How to Buy Blue Star Foods Stock

Wondering how to invest in Blue Star Foods stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Select your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our experience, eToro is the best brokerage. Here's why:

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Step 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.

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  2. Input your personal info to open a new brokerage account.
  1. Submit your details by pressing the "Create Account" button.
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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.

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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 Price
$2.07
1w %
-15.51%
1y %
-96.89%
5y %
N/A
P/E
-0.35x
P/B
0.85x
P/S
0.17x
PEG
N/A
Revenue
$6.49M
Earnings
-$3.61M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$2.18M
Next Earnings
Aug 19, 2024
Next Dividend
N/A

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 undervalued based on its P/B ratio of 0.85x, relative to Packaged Foods industry P/B ratio of 2.05x

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.
  • Total BSFC debt is lower than 5 years ago, relative to shareholder equity.
  • There are more short-term assets than short-term liabilities on the BSFC balance sheet.
  • BSFC has $22.30k in cash and short term investments. This is sufficient to cover its annual cash burn of $2.97M.

Failed Health Checks:

  • BSFC profit margin has gone up by 0.95 percentage points in the past year, but the company is still unprofitable.
  • BSFC has a relatively high debt to equity ratio of 1.66.
  • BSFC has cash burn of 2971216. It does not have enough cash and short-term investments to cover this.

BSFC Trading Indicators

SMA10
2.42
SMA20
2.48
SMA50
2.94
SMA100
4.19
SMA200
6.81
MACD
-0.23
MACD Signal
-0.22
MACD Histogram
-0.01
RSI
41.13
Stochastic %K
13.81
Stochastic %D
20.3
StochRSI %K
6.3
StochRSI %D
18.67

How are BSFC Revenues/Earnings doing?

Last year, BSFC revenue was $6.49M. Over the past five year, BSFC's revenue has grown by -26.62% per year. This was slower than the Packaged Foods industry average of 5.89%.

Learn more about BSFC's earnings and revenue performance here.

Who is buying/selling BSFC?

In the last 12 months, executives and large shareholders at BSFC have bought more shares than they have sold.

Nubar Herian, Director of BSFC, was the latest BSFC insider to buy. They bought $1,111.00 worth of BSFC stock on Feb 28, 2024.

Learn more about who owns BSFC stock here.

Can I rely on BSFC as an income stream?

No, Blue Star Foods doesn't provide an income stream by paying out dividends.

What do other traders have to say about BSFC?

One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

Step 5: Execute your BSFC buy order

There are two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually the easiest way to buy.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.

Hit the Open Trade button and eToro will execute the order.

If you require additional help with investing in stocks on eToro, click the helpful video below:

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Step 6: Get the latest scoop on your BSFC position

Now that you own some BSFC shares, you'll want to keep up with your shares.

Add BSFC to a watchlist to track the most important metrics related to your BSFC stock.

BSFC Feed

How to Buy Stock in Blue Star Foods

To reiterate, here are the 6 steps to buy Blue Star Foods stock:

  1. Figure out where to buy Blue Star Foods stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Analyze Blue Star Foods stock
  5. Execute your BSFC buy order
  6. Get the latest scoop on your BSFC position

If you require a brokerage, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get the latest scoop on your new investment in Blue Star Foods, create a watchlist on WallStreetZen today.

NASDAQ: BSFC
$2.07-0.22 (-9.61%)
Updated Jun 21, 2024
Open eToro Account
NASDAQ: BSFC
$2.07-0.22 (-9.61%)
Updated Jun 21, 2024
Open eToro Account

FAQ

How much does it cost to buy one Blue Star Foods share?

As of Jun 21, 2024, it costs $2.07 to buy one share of Blue Star Foods stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $1, you can buy 0.483 shares of BSFC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Blue Star Foods stock?

One way to place an order for Blue Star Foods stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.