The Bioceres Crop Solutions Corp. (BIOX) shares are trading at higher $6.99 and the avg recommendation for the stock is Strong Buy.
To add more color to this target, the company’s high over the last year is $7.65 and the low is $4.33. Over the last 52 weeks, BIOX is down -8.63% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, BIOX reported a profit of $10.8 million. Bioceres Crop Solutions Corp. also saw revenues increase to $25.72 million. In addition, BIOX has free cash flow of $9.98 million as of 03-2020 The company’s EBITDA came in at $1.9 million which compares well with its peers.
BIOX booked profit margins of -10.90%, its Return on Equity (ROE) is -45.70%, and its Return on Assets is -7.60%. All told, it is clear that, BIOX needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BIOX has a short ratio of 0.87 and outstanding shares of 36.12M.
BIOX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 52230.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.64. Bioceres Crop Solutions Corp. BIOX also noted assets of $284.86 million at the end of the last quarter. Investors should also keep an eye on sector updates as BIOX has historically followed its peers on positive news.
All told, Bioceres Crop Solutions Corp. BIOX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BIOX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Bioceres Crop Solutions Corp. BIOX is now commanding a market cap of 240.39M and a float of 3.14M. BIOX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BIOX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in BIOX, either long or short, and we have not been compensated for this article.