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Blue Star Foods (BSFC)
OTHER OTC:BSFC
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Blue Star Foods (BSFC) AI Stock Analysis

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Blue Star Foods

(OTC:BSFC)

Rating:40Underperform
Price Target:
$0.00
▼(-100.00%Downside)
Blue Star Foods' overall stock score reflects significant financial distress characterized by declining revenues, negative profit margins, and high leverage. The technical analysis indicates bearish momentum, while the valuation highlights a negative P/E ratio and absence of dividends. These factors suggest substantial financial and operational risks, warranting caution for potential investors.

Blue Star Foods (BSFC) vs. SPDR S&P 500 ETF (SPY)

Blue Star Foods Business Overview & Revenue Model

Company DescriptionBlue Star Foods Corp., through its subsidiaries, operates as a marine protein company in the United States and Canada. The company imports, packages, and sells refrigerated pasteurized various crab meats sourced primarily from Southeast Asia; and other premium seafood products. It sells its products primarily to food service distributors, as well as wholesalers, retail establishments, and seafood distributors under the Blue Star, Pacifika, Oceanica, Crab & Go Premium Seafood, Lubkin, First Choice, Good Stuff, Coastal Pride Fresh, and Little Cedar Falls brands. The company was incorporated in 1995 and is based in Miami, Florida.
How the Company Makes MoneyBlue Star Foods generates revenue through the sale of its seafood products to a variety of customers, including wholesalers, retailers, and foodservice companies. The company's revenue model is centered on sourcing seafood from sustainable fisheries and selling processed and packaged products. Key revenue streams include direct sales of crab meat and other seafood products. Significant factors contributing to its earnings include its commitment to sustainable fishing practices, which appeals to environmentally conscious consumers, and its ability to maintain a consistent supply chain of high-quality seafood. Additionally, strategic partnerships with distributors and retailers help expand its market reach and drive sales.

Blue Star Foods Financial Statement Overview

Summary
Blue Star Foods exhibits significant financial distress across its income statement, balance sheet, and cash flow statement. The company faces declining revenues, persistent losses, high leverage, and negative cash flows. These issues indicate substantial financial risks and highlight the need for strategic changes to improve financial health and sustainability.
Income Statement
25
Negative
Blue Star Foods has experienced a significant decline in revenue over the years, with the most recent annual report showing a 41.3% decrease from the previous year. The company has consistently reported negative gross profit margins, which are a significant concern for profitability. Net profit margins have also been negative, indicating persistent losses. Both EBIT and EBITDA margins are deeply negative, reflecting ongoing operational challenges.
Balance Sheet
20
Very Negative
The company has a negative stockholders' equity, indicating a precarious financial position. The high debt levels compared to equity suggest significant financial leverage, posing a risk of insolvency. The equity ratio is negative, reflecting the excess of liabilities over assets. These factors indicate a weak balance sheet with considerable financial instability.
Cash Flow
30
Negative
Operating cash flows have been negative, indicating challenges in generating cash from operations. Free cash flow is also negative, highlighting the inability to cover capital expenditures and other obligations. The company relies heavily on financing activities to sustain operations, which may not be sustainable long-term.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue3.59M6.12M12.77M9.97M14.11M
Gross Profit-1.29M158.08K-651.99K1.99M1.49M
EBITDA-10.41M-2.70M-10.87M-1.87M-3.12M
Net Income-12.48M-4.47M-19.09M-3.46M-6.21M
Balance Sheet
Total Assets2.55M6.36M8.68M15.95M7.82M
Cash, Cash Equivalents and Short-Term Investments326.85K24.16K9.26K1.16M55.64K
Total Debt866.71K1.03M6.68M4.08M4.89M
Total Liabilities2.75M3.77M9.92M7.04M7.84M
Stockholders Equity-191.70K2.59M-1.25M8.91M-19.72K
Cash Flow
Free Cash Flow-6.30M-3.69M-3.92M-4.83M4.52M
Operating Cash Flow-6.20M-3.53M-3.62M-4.83M4.58M
Investing Cash Flow-101.74K-159.61K-695.27K-773.41K343.24K
Financing Cash Flow6.42M3.68M3.08M6.48M-4.80M

Blue Star Foods Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.05
Price Trends
50DMA
0.06
Negative
100DMA
0.06
Negative
200DMA
0.16
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
38.56
Neutral
STOCH
9.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BSFC, the sentiment is Negative. The current price of 0.05 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.06, and below the 200-day MA of 0.16, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 38.56 is Neutral, neither overbought nor oversold. The STOCH value of 9.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BSFC.

Blue Star Foods Risk Analysis

Blue Star Foods disclosed 46 risk factors in its most recent earnings report. Blue Star Foods reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Blue Star Foods Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
C$5.30B8.9020.23%3.18%3.08%9.19%
48
Neutral
$21.56M-10.25%-1.16%-146.23%
47
Neutral
$2.35M1.27-2.80%-41.89%-195.61%
45
Neutral
$9.18M6.01-31.05%-15.45%-100.03%
40
Underperform
$827.67K-187.53%-17.30%98.47%
$45.40M-339.55%
33
Underperform
$1.10M-286.71%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
BSFC
Blue Star Foods
0.04
-1.95
-97.99%
NAII
Natural Alternatives International
3.36
-2.43
-41.97%
FAMI
Farmmi
1.88
-5.11
-73.10%
SOWG
Sow Good
0.81
-17.92
-95.68%
BTOG
China Xiangtai Food Co
0.72
-0.87
-54.72%
STKH
Steakholder Foods
1.17
-15.43
-92.95%

Blue Star Foods Corporate Events

Executive/Board Changes
Blue Star Foods COO Miozotis Ponce Resigns
Neutral
Jun 5, 2025

On June 2, 2025, Miozotis Ponce resigned as the Chief Operating Officer of Blue Star Foods Corp., effective June 30, 2025, to pursue other endeavors. Her resignation was not due to any disagreement with the company, and Blue Star Foods has decided not to appoint a new COO at this time.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 17, 2025