Blue Star Foods (BSFC) AI Stock Analysis

• Market Cap: $837.12K
• Dividend Yield: N/A
• Average Volume (3M): 33.13K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.18
• Revenue Growth: -17.30%
• EPS Growth: 98.47%
• Country: US
• Employees: 21
• Sector: Consumer Cyclical
• Sector Strength: 54
• Industry: Packaged Foods
• EPS (TTM): -5.42
• Shares Outstanding: 16,254,720
• 10 Day Avg. Volume: 25,721
• 30 Day Avg. Volume: 33,128
• PEG Ratio: -0.07
• Price to Book (P/B): -403.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -128.50
• Enterprise Value/Market Cap: 609.05
• Enterprise Value/Revenue: 20.27
• Enterprise Value/Gross Profit: -871.80
• Enterprise Value/Ebitda: -40.79
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 34 Underperform
• Price Target: ―

Blue Star Foods' overall stock score is primarily impacted by its poor financial performance, characterized by negative margins and high leverage. The bearish technical indicators and negative valuation metrics further lower the score. However, the stock buyback program slightly offsets some of these negatives by indicating management's confidence in the company's future.

Blue Star Foods Business Overview & Revenue Model

Company Description

Blue Star Foods (BSFC) is a sustainable seafood company that focuses on providing high-quality, responsibly sourced seafood products to the market. The company operates within the food and beverage sector and emphasizes environmental sustainability and traceability in its operations. Blue Star Foods primarily offers a range of seafood products, including pasteurized crab meat, which is a core part of its product line.

How the Company Makes Money

Blue Star Foods generates revenue through the sale of its seafood products, primarily focusing on sustainably sourced crab meat. The company earns money by distributing its products to retailers, foodservice distributors, and wholesalers who then sell to end consumers. Key revenue streams include both domestic and international sales. Blue Star Foods benefits from partnerships with seafood suppliers and customers that prioritize sustainability and traceability, which enhances its market position and appeal to environmentally conscious consumers.

Blue Star Foods Financial Statement Overview

Summary

Blue Star Foods is facing significant financial challenges. The income statement shows negative margins and declining revenue, indicating operational inefficiencies. The balance sheet reveals high leverage with negative return on equity, and the cash flow is concerning due to negative free cash flow growth and liquidity issues.

Income Statement

Blue Star Foods has been facing significant challenges in its financial performance. The TTM gross profit margin is negative, reflecting difficulties in covering the cost of goods sold. The net profit margin is also negative, indicating consistent losses. Revenue has decreased over the period, with a negative revenue growth rate in recent years. Both EBIT and EBITDA margins are negative, highlighting operational inefficiencies and challenges in generating earnings before interest, taxes, depreciation, and amortization.

Balance Sheet

The company's balance sheet reveals a high debt-to-equity ratio due to substantial liabilities compared to equity, although recent equity improvements are notable. The return on equity is negative, reflecting continuous losses. The equity ratio shows stabilization potential as equity forms a reasonable portion of total assets, but overall financial leverage poses risks.

Cash Flow

Cash flow analysis indicates significant issues with cash generation. Negative free cash flow growth and operating cash flow suggest the company struggles with liquidity and funding operations without external financing. The free cash flow to net income ratio is concerning, reflecting ongoing challenges in converting earnings into cash flow.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	5.93M	6.12M	12.77M	9.97M	14.11M	23.83M
Gross Profit	-584.82K	158.08K	-651.99K	1.99M	1.49M	3.22M
EBITDA	-2.96M	-2.70M	-10.87M	-1.87M	-3.12M	-3.72M
Net Income	-4.88M	-4.47M	-19.09M	-3.46M	-6.21M	-6.06M
Balance Sheet
Total Assets	7.84M	6.36M	8.68M	15.95M	7.82M	15.75M
Cash, Cash Equivalents and Short-Term Investments	72.70K	24.16K	9.26K	1.16M	55.64K	153.90K
Total Debt	1.21M	1.03M	6.68M	4.08M	4.89M	12.74M
Total Liabilities	3.11M	3.77M	9.92M	7.04M	7.84M	16.27M
Stockholders Equity	4.73M	2.59M	-1.25M	8.91M	-19.72K	-161.68K
Cash Flow
Free Cash Flow	-4.83M	-3.69M	-3.92M	-4.83M	4.52M	1.57M
Operating Cash Flow	-4.70M	-3.53M	-3.62M	-4.83M	4.58M	1.58M
Investing Cash Flow	-121.21K	-159.61K	-695.27K	-773.41K	343.24K	-269.70K
Financing Cash Flow	4.36M	3.68M	3.08M	6.48M	-4.80M	-1.51M

Blue Star Foods Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.02 is Neutral, neither overbought nor oversold. The STOCH value of 4.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BSFC.

Blue Star Foods Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CALM	84 Outperform	$5.29B	5.03	48.27%	13.91%	60.00%	259.01%
SENEA	78 Outperform	$655.81M	16.13	6.77%	―	8.25%	-30.16%
JJSF	63 Neutral	$2.19B	29.69	8.20%	2.77%	0.49%	-12.32%
Sector *	62 Neutral	$16.34B	10.69	-6.34%	3.17%	1.66%	-24.46%
FARM	43 Neutral	$29.53M	―	-35.72%	―	-0.19%	70.65%
BSFC	34 Underperform	$837.12K	―	-187.53%	―	-17.30%	98.47%

Blue Star Foods Corporate Events

Blue Star Foods Initiates $1.5 Million Stock Buyback

Blue Star Foods Corp. has announced a stock buyback program, authorizing the repurchase of up to $1.5 million of its common stock. This initiative, aimed at capitalizing on the perceived undervaluation of its shares, will be executed in the open market and reflects confidence in the company’s growth and business strength. The program offers flexibility with no obligation to repurchase a specific number of shares and can be adjusted or discontinued based on market conditions.