Bioceres Crop Solutions (BIOX) Stock Drops 5.26% Amid Market Volatility

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Nov 14, 2024
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Bioceres Crop Solutions Corp. (BIOX, Financial) experienced a significant stock drop of 5.26%, trading at $6.48 per share with a volume of 151,497 shares and a turnover rate of 0.25%. The stock showed a price amplitude of 5.85% during this period.

Recent financial reports revealed that Bioceres Crop Solutions recorded a revenue of $92.60 million, a net loss of $5.40 million, and an earnings per share (EPS) of -$0.09. The company's gross profit stood at $36.80 million, with a price-to-earnings (P/E) ratio of 221.84. Despite the financial challenges, all four rating agencies covering the stock gave a "buy" recommendation, with no analysts suggesting a hold or sell.

Within the agricultural supplies industry, where Bioceres operates, the overall sector witnessed a modest increase of 0.04%. Significant gainers in the industry included Origin Agritech, Scotts Miracle-Gro Company, and Israel Chemicals. Notable active stocks in the sector were N2Off, Inc., DuPont Pioneer, and Scotts Miracle-Gro Company, with turnover rates of 2.07%, 0.63%, and 0.54% respectively. Stocks with significant price amplitude included China Green Agriculture, Origin Agritech, and DuPont Pioneer, showing amplitudes of 9.34%, 8.57%, and 7.31% respectively.

Bioceres Crop Solutions is known for providing comprehensive crop productivity solutions, including seeds, seed traits, seed treatments, and high-value adjuvants and fertilizers. The company has developed a multidisciplinary, multi-product platform that offers solutions throughout the entire crop cycle, from pre-planting to transportation and storage. Key business units include crop protection, seeds and integrated products, and crop nutrition.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.