Bioceres Crop Solutions (NASDAQ:BIOX) Shares Up 8.5% – Still a Buy?

Bioceres Crop Solutions Corp. (NASDAQ:BIOX)’s stock price shot up 8.5% on Thursday . The stock traded as high as $0.45 and last traded at $0.4499. 123,992 shares were traded during mid-day trading, a decline of 21% from the average session volume of 155,976 shares. The stock had previously closed at $0.4147.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Bioceres Crop Solutions from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $4.00.

Bioceres Crop Solutions Stock Performance

The company has a market cap of $27.88 million, a price-to-earnings ratio of -0.11 and a beta of 0.41. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.88 and a quick ratio of 0.70. The stock has a 50-day moving average price of $0.36 and a 200 day moving average price of $0.46.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Invesco Ltd. acquired a new position in shares of Bioceres Crop Solutions in the fourth quarter valued at approximately $45,000. Ardsley Advisory Partners LP raised its holdings in shares of Bioceres Crop Solutions by 691.7% during the fourth quarter. Ardsley Advisory Partners LP now owns 475,000 shares of the company’s stock worth $622,000 after acquiring an additional 415,000 shares during the period. GAM Holding AG bought a new stake in Bioceres Crop Solutions in the 4th quarter valued at $655,000. State of Wisconsin Investment Board bought a new stake in Bioceres Crop Solutions in the 4th quarter valued at $247,000. Finally, Marshall Wace LLP boosted its stake in Bioceres Crop Solutions by 180.0% in the 4th quarter. Marshall Wace LLP now owns 595,410 shares of the company’s stock worth $780,000 after purchasing an additional 382,744 shares during the period. Institutional investors own 17.68% of the company’s stock.

Bioceres Crop Solutions Company Profile

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.