10 Worst Performing Affordable Stocks Under $40

5. Bioceres Crop Solutions Corp. (NASDAQ:BIOX)

Share Price: $8.48

Analyst Upside Potential: 53.30%

Forward P/E Ratio: 20.85

Earnings Growth This Year: 600.00%

Number of Hedge Fund Holders: 8

Year-to-Date Decline: 37.74%

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) is an agriculture technology company that aims to promote carbon neutrality in farming. The company is engaged in developing and selling advanced seed technology that combines crop protection and nutrition solutions. It has more than 750 patents and patent applications with a commercial presence in 45-plus countries.

Bioceres Crop Solutions Corp. (NASDAQ:BIOX) has been facing challenges from the market which led to its price falling more than 37% on a year-to-date basis. However, the company ended the most recent quarter FQ4 2024 on a successful note.

Revenue for the fourth quarter amounted to $124 million, an 18% increase from the comparable quarter last year. Its diversified revenue sources and HB4 and other corp protection-related sales allowed the company to remain in positive figures despite a harsh market environment. Overall Bioceres Crop Solutions Corp. (NASDAQ:BIOX) ended the fiscal year with $464.8 million in revenue, up 11% year-over-year and net income of $6.2 million.

One of the key developments management was able to achieve during the quarter was regarding its HB4 being approved for cultivation in the United States. The United States is the fourth largest producer of wheat in the world as per the management’s finding and thereby this approval will open new avenues of prolonged growth for the company.

Although it is one of the worst performing affordable stocks under $40, that doesn’t mean it can not be a viable investment option.  5 analysts have a strong Buy rating on BIOX, their 12-month median price target of $13 is presenting an upside of 53% from current levels.