Bioceres Crop Solutions (NASDAQ:BIOX) Trading Up 2.1% – What’s Next?

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) shares shot up 2.1% on Monday . The stock traded as high as $0.4499 and last traded at $0.4291. 259,426 shares traded hands during trading, a decline of 21% from the average session volume of 329,215 shares. The stock had previously closed at $0.4202.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BIOX. Wall Street Zen cut shares of Bioceres Crop Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings raised shares of Bioceres Crop Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.00.

Bioceres Crop Solutions Stock Up 2.1%

The company has a current ratio of 0.88, a quick ratio of 0.70 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $27.13 million, a P/E ratio of -0.11 and a beta of 0.39. The company’s fifty day simple moving average is $0.49 and its 200 day simple moving average is $0.84.

Bioceres Crop Solutions (NASDAQ:BIOX) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Bioceres Crop Solutions had a negative return on equity of 33.97% and a negative net margin of 92.85%.The company had revenue of $39.40 million during the quarter, compared to the consensus estimate of $54.50 million. Research analysts expect that Bioceres Crop Solutions Corp. will post -0.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BIOX. Jones Financial Companies Lllp raised its holdings in Bioceres Crop Solutions by 3,535.8% in the 1st quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock worth $25,000 after purchasing an additional 5,339 shares in the last quarter. Bank of America Corp DE raised its holdings in Bioceres Crop Solutions by 186.8% in the 4th quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock worth $35,000 after purchasing an additional 3,735 shares in the last quarter. Virtu Financial LLC bought a new position in Bioceres Crop Solutions in the 3rd quarter worth $40,000. Invesco Ltd. bought a new position in Bioceres Crop Solutions in the 4th quarter worth $45,000. Finally, PDT Partners LLC raised its holdings in Bioceres Crop Solutions by 58.9% in the 2nd quarter. PDT Partners LLC now owns 28,180 shares of the company’s stock worth $126,000 after purchasing an additional 10,449 shares in the last quarter. 17.68% of the stock is currently owned by institutional investors.

About Bioceres Crop Solutions

Bioceres Crop Solutions Corp. is an agricultural biotechnology company focused on developing, manufacturing and commercializing a range of crop inputs designed to enhance yields and improve sustainability. The company’s portfolio includes biological seed treatments, inoculants for nitrogen fixation, specialty fertilizers and proprietary biopesticides, which are formulated to support plant health and resilience under varying environmental conditions.

Among its flagship offerings is the HB4 drought-tolerant wheat technology, the first genetically modified wheat developed to withstand water stress, which has received regulatory approval in several markets.