Blue Star Foods
BSFC
Market cap $1.33M

0.5298 USD

-0.0002

0.04%

At close Oct 10, 4:00 PM EDT

Pre-market

0.4900

-0.0398

7.51%

1 day

-0.04%

5 days

-3.67%

1 month

-31.11%

3 months

-68.46%

6 months

-88.43%

Year to date

-92.45%

1 year

-94.64%

5 years

-99.99%

About: Blue Star Foods Corp is an international seafood company based in Miami. It imports, packages, and sells refrigerated pasteurized crab meat, and other premium seafood products. The company derives revenue from importing blue and red swimming crab meat from Indonesia, Philippines and China and distributing it in the United States and Canada under several premium brand names such as Blue Star, Oceanica, Pacifika, Crab & Go, First Choice, Good Stuff and Coastal Pride Fresh and TOBC steelhead salmon and rainbow trout fingerlings produced under the brand name Little Cedar Falls.. The Company's products are sold in the United States and Canada.

Employees: 39

Consumer Staples Prepared Fresh or Frozen Fish & Seafoods

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 1

1.33% less ownership

Funds ownership: 2.09% [Q1] → 0.75% (-1.33%) [Q2]

55% less funds holding

Funds holding: 11 [Q1] → 5 (-6) [Q2]

67% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 9

71% less capital invested

Capital invested by funds: $53.8K [Q1] → $15.8K (-$38K) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for BSFC.

See Analyst Rankings

Financial journalist opinion

Blue Star Foods' Taste of BC Aquafarms Signs Fingerling Supply Agreement with Miracle Springs, Poised for Accelerated Growth

Major Milestone to Meet Increasing Market Demand Miami, FL, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that its Taste of BC Aquafarms executed a significant agreement with Miracle Springs to supply a substantial quantity of fingerlings. This partnership represents a major milestone, enabling Taste of BC to accelerate its harvest growth and meet increasing market demand.

Blue Star Foods' Taste of BC Aquafarms Signs Fingerling Supply Agreement with Miracle Springs, Poised for Accelerated Growth

Blue Star Foods Strengthens Balance Sheet by Paying Off $645,668 of Debts

Miami, FL, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), has taken a significant step towards enhancing its financial position by reducing $645,668 in liabilities after its recently August 14th filling of its 10-Q from the quarter ended June 30, 2024. This move is part of Blue Star's comprehensive strategy to improve its financial health, which is focused on reducing debt and increasing its shareholder equity.

Blue Star Foods Strengthens Balance Sheet by Paying Off $645,668 of Debts

Blue Star Foods Submits Request for Withdrawal of Registration Statement on Form S-1

Miami, FL, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), requested that the Securities and Exchange Commission ("SEC") consent to the withdrawal of our Registration Statement on Form S-1 (No. 333-281270) originally filed on August 6, 2024, as we no longer intend to pursue our public offering at this time. We believe this is in the best interests of our shareholders and investors.

Blue Star Foods Submits Request for Withdrawal of Registration Statement on Form S-1

Blue Star Foods Reports 14% Revenue Growth to $4.0 Million, Highlighted by 27% Increase in Gross Profit for the First Half 2024

Increase in Revenues Led to 24% Reduction in Operating Loss Quarterly Gross Margins Increased 1,170 Basis Points to 16.6% Miami, FL, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (“ESG”) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (“RAS”), announced unaudited financial and operational results for the three and six months ended June 30, 2024. Key Financial Highlights for the Three Months Ended June 30, 2024 Revenue increased 7% to $1.8 million Gross profit increased 264% to $0.3 million Gross margin increased 1,170 basis points to 16.6% Operating loss decreased 36% to $0.7 million Inventory and RAS biomass of $2.6 million Total assets of $8.1 million Key Financial Highlights for the Six Months Ended June 30, 2024 Revenue increased 14% to $2.3 million Gross profit increased 27% to $0.5 million Gross margin increased 120 basis points to 11.5% Operating loss decreased 24% to $1.5 million Business Highlights for the Three Months Ended June 30, 2024 Signed Agreement with to provide high-quality, nutritious meals for U.S. Military Land-based aquaculture license renewal thru 2033 covering white sturgeon, coho salmon, chinook salmon and rainbow trout Business Highlights Subsequent to the Three Months Ended June 30, 2024 Initiated roll-out and expected to expand to numerous military bases over the next few months Launched plans to improve its soft-shell crab operations by introducing cutting-edge technology that combines Artificial Intelligence (AI) with Ultraviolet (UV) light technology to revolutionize the industry's standard molting crab identification process Management Commentary John Keeler, Chairman and CEO of Blue Star, commented, “Our first half 2024 results demonstrate the increase in business opportunities and revenue traction we are witnessing.

Blue Star Foods Reports 14% Revenue Growth to $4.0 Million, Highlighted by 27% Increase in Gross Profit for the First Half 2024

Why Is Blue Star Foods (BSFC) Stock Up 74% Today?

Blue Star Foods (NASDAQ: BSFC ) stock is rocketing higher on Thursday alongside heavy pre-market trading of the marine protein company's shares. This has more than 10 million shares of BSFC stock changing hands as of this writing.

Why Is Blue Star Foods (BSFC) Stock Up 74% Today?

Blue Star Foods Provides 2024 Revenue Guidance of At Least 65% Growth With Anticipated Annual Run-Rate Greater Than $20 Million

Seeing Accelerated Revenue Growth from Current and New Opportunities Miami, FL, June 27, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), is pleased to announce that it is providing a 2024 forecast of at least 65% revenue growth with an annual run-rate of greater than $20 million. The Company has been successful in securing new business for growth opportunities for the future, such as an increased customer base at its Canadian facility for steelhead salmon.

Blue Star Foods Provides 2024 Revenue Guidance of At Least 65% Growth With Anticipated Annual Run-Rate Greater Than $20 Million

Blue Star Foods Regains Compliance with Nasdaq

Miami, FL, June 12, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that on June 11, 2024 it received a letter from the Nasdaq Hearings Panel indicating that the Company demonstrated compliance with the bid price requirement in Listing Rule 5550(a)(2) and the minimum stockholders' equity requirement in Listing Rule 5550(b)(1).

Blue Star Foods Regains Compliance with Nasdaq

Blue Star Foods Reports 19% Growth to $2.3 Million Revenue for First Quarter Ended March 31, 2024

Increase in Revenues Leads to 44% Reduction in Losses Miami, FL, May 20, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (“ESG”) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (“RAS”), announced unaudited financial and operational results for the three months ended March 31, 2024. Key Financial Highlights for the Three Months Ended March 31, 2024 Revenue increased 19% to $2.3 million Net loss decreased 44% to $1.1 million Adjusted EBITDA loss decreased 35% to $0.6 million Inventory and RAS biomass of $2.3 million Business Highlights for the Three Months Ended March 31, 2024 Executed Transformational Master Service Agreement (MSA) with a the fully integrated seafood provider.

Blue Star Foods Reports 19% Growth to $2.3 Million Revenue for First Quarter Ended March 31, 2024

Blue Star Foods Announces 1-for-50 Reverse Stock Split

Miami, FL, May 15, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced that it will effect a 1-for-50 reverse stock split ("Reverse Stock Split") of its authorized and issued and outstanding shares of Class A common stock, par value $0.0001 per share ("Common Stock"). The Reverse Stock Split will become effective at 12:01am, Eastern Time, on May 20, 2024. At such time, each 50 shares of issued and outstanding Common Stock will automatically be reclassified into one new share of Common Stock. The total number of shares of Common Stock authorized for issuance will remain at 100,000,000 shares. Proportional adjustments will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the Company's stock incentive plans and certain existing agreements. No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up. The Reverse Stock Split will affect all common stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity.

Blue Star Foods Announces 1-for-50 Reverse Stock Split

Blue Star Foods Secures Additional Non-Dilutive Growth Capital to Support Expansion of Business Under Existing Master Service Agreement & Soft Shell Crab Operations

Miami, FL, April 17, 2024 (GLOBE NEWSWIRE) -- Blue Star Foods Corp., (“Blue Star,” the “Company,” “we,” “our” or “us”) (NASDAQ: BSFC ), an integrated Environmental, Social, and Governance (ESG) sustainable seafood company with a focus on Recirculatory Aquaculture Systems (RAS), today announced it has secured additional funding to help meet increased demand under its previously announced Master Service Agreement as well as increase the volume in its soft shell crab operations.

Blue Star Foods Secures Additional Non-Dilutive Growth Capital to Support Expansion of Business Under Existing Master Service Agreement & Soft Shell Crab Operations

See News Rankings

Charts implemented using Lightweight Charts™