Bioceres Crop Solutions Corp. (NASDAQ:BIOX) Given Average Recommendation of “Hold” by Brokerages

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have earned a consensus rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.0833.

Several analysts have recently commented on the company. Canaccord Genuity Group decreased their target price on Bioceres Crop Solutions from $2.50 to $2.25 and set a “hold” rating on the stock in a report on Friday, November 14th. Wall Street Zen upgraded Bioceres Crop Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bioceres Crop Solutions in a research report on Monday. Lake Street Capital cut their price target on shares of Bioceres Crop Solutions from $8.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, September 10th. Finally, Oppenheimer downgraded Bioceres Crop Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 22nd.

Bioceres Crop Solutions Price Performance

Shares of BIOX opened at $1.35 on Wednesday. The company has a market capitalization of $85.36 million, a P/E ratio of -1.61 and a beta of 0.45. Bioceres Crop Solutions has a one year low of $1.20 and a one year high of $7.44. The business’s 50 day simple moving average is $1.68 and its 200-day simple moving average is $2.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.64.

Institutional Trading of Bioceres Crop Solutions

Institutional investors have recently modified their holdings of the company. Ballast Asset Management LP lifted its position in shares of Bioceres Crop Solutions by 69.9% in the third quarter. Ballast Asset Management LP now owns 745,030 shares of the company’s stock worth $1,048,000 after purchasing an additional 306,624 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Bioceres Crop Solutions in the third quarter valued at $315,000. Squarepoint Ops LLC acquired a new position in Bioceres Crop Solutions in the 3rd quarter valued at about $233,000. Tudor Investment Corp ET AL increased its stake in shares of Bioceres Crop Solutions by 119.4% during the third quarter. Tudor Investment Corp ET AL now owns 220,500 shares of the company’s stock worth $311,000 after purchasing an additional 120,000 shares during the period. Finally, Long Focus Capital Management LLC lifted its holdings in Bioceres Crop Solutions by 11.4% during the 1st quarter. Long Focus Capital Management LLC now owns 829,748 shares of the company’s stock worth $3,788,000 after purchasing an additional 85,000 shares during 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.