Bioceres Crop Solutions (NASDAQ:BIOX) is seeing big volume growth

Bioceres Crop Solutions Corp. (NASDAQ:BIOX – Get Your Free Report ) saw unusually strong trading volume on Wednesday. About 172,302 shares traded hands during mid-day trading, a 150% increase from the previous session’s volume of 69,010 shares. Shares last traded at $8.57 and previously closed at $8.48.

Analysts on Wall Street are forecasting an increase

Several analysts recently weighed in on BIOX shares. Oppenheimer cut their price objective on shares of Bioceres Crop Solutions from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Canaccord Genuity Group raised Bioceres Crop Solutions to a “strong-buy” rating in a research note on Friday, July 19th. Roth Capital upgraded Bioceres Crop Solutions to a “strong-buy” rating in a research report on Tuesday, July 2nd. Roth Mkm decreased their price target on Bioceres Crop Solutions from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group cut their price target on Bioceres Crop Solutions from $17.00 to $12.50 and set a “buy” rating for the company in a research note on Wednesday, 11 September. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Bioceres Crop Solutions presently has a consensus rating of “Buy” and an average price target of $13.63, according to MarketBeat.com .

View our latest review of Bioceres culture solutions

Bioceres Crop Solutions stock performance

The company’s fifty-day simple moving average is $10.34, and its 200-day simple moving average is $11.33. The firm has a market cap of $536.91 million, a P/E ratio of 848.00 and a beta of 0.49. The company has a current ratio of 1.28, a quick ratio of 0.83, and a debt-to-equity ratio of 0.35.

Bioceres Crop Solutions (NASDAQ:BIOX – Get Your Free Report ) last issued its quarterly earnings data on Monday, September 9th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.23). Bioceres Crop Solutions had a return on equity of 0.93% and a net margin of 0.68%. The business had revenue of $124.30 million during the quarter, compared to analysts’ expectations of $126.75 million. In the same quarter last year, the business posted ($0.06) EPS. As a group, sell-side analysts expect that Bioceres Crop Solutions Corp. to post 0.81 earnings per share for the current year.

Institutional inputs and outputs

Institutional investors have recently added to or reduced their holdings in the stock. Oak Family Advisors LLC boosted its stake in Bioceres Crop Solutions by 1.9% in the second quarter. Oak Family Advisors LLC now owns 64,925 shares of the company’s stock worth $728,000 after buying an additional 1,208 shares in the last quarter. Cape Investment Advisory Inc. bought a new position in shares of Bioceres Crop Solutions in the 4th quarter valued at about $33,000. Dimensional Fund Advisors LP boosted its stake in Bioceres Crop Solutions by 9.5% in the second quarter. Dimensional Fund Advisors LP now owns 61,330 shares of the company’s stock valued at $688,000 after buying an additional 5,341 shares during the period. Wellington Management Group LLP boosted its position in shares of Bioceres Crop Solutions by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 236,906 shares of the company’s stock valued at $3,253,000 after buying an additional 7,096 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Bioceres Crop Solutions in the 1st quarter worth $139,000. 17.68% of shares are currently owned by institutional investors.

Bioceres Crop Solutions Company Profile

(Get a free report)

Bioceres Crop Solutions Corp., together with its subsidiaries, provides crop productivity solutions. It operates through the segments of seeds and integrated products, crop protection and crop nutrition. The Seed and Integrated Products segment offers seed traits, germplasm and seed treatment packages for healthier and higher yielding crops.

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