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

Shares of Bioceres Crop Solutions Corp. (NASDAQ:BIOX) have received an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.00.

Several equities analysts have recently commented on the company. Canaccord Genuity Group lowered their price objective on Bioceres Crop Solutions from $2.25 to $2.00 and set a “hold” rating on the stock in a research report on Friday, January 2nd. Wall Street Zen raised shares of Bioceres Crop Solutions from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Bioceres Crop Solutions in a research report on Monday, December 29th. Finally, Oppenheimer lowered shares of Bioceres Crop Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 22nd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BIOX. Jones Financial Companies Lllp increased its stake in Bioceres Crop Solutions by 3,535.8% during the first quarter. Jones Financial Companies Lllp now owns 5,490 shares of the company’s stock worth $25,000 after acquiring an additional 5,339 shares during the last quarter. Bank of America Corp DE raised its holdings in Bioceres Crop Solutions by 186.8% during the 4th quarter. Bank of America Corp DE now owns 5,735 shares of the company’s stock valued at $35,000 after buying an additional 3,735 shares during the period. PDT Partners LLC lifted its position in Bioceres Crop Solutions by 58.9% in the second quarter. PDT Partners LLC now owns 28,180 shares of the company’s stock worth $126,000 after buying an additional 10,449 shares during the last quarter. Virtu Financial LLC purchased a new position in Bioceres Crop Solutions during the third quarter worth $40,000. Finally, Jane Street Group LLC purchased a new position in Bioceres Crop Solutions during the second quarter worth $202,000. Institutional investors own 17.68% of the company’s stock.

Bioceres Crop Solutions Stock Up 7.5%

Shares of BIOX stock opened at $0.63 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.64. Bioceres Crop Solutions has a one year low of $0.53 and a one year high of $5.44. The company’s fifty day moving average price is $1.22 and its 200-day moving average price is $1.83. The company has a market capitalization of $39.71 million, a price-to-earnings ratio of -0.75 and a beta of 0.50.

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.