Benson Hill, Inc. (NYSE:BHIL) experienced a significant surge in its share price during mid-day trading on Monday, with a 3.5% increase. The stock reached a high of $7.13 and closed at $7.11, after trading 17,572 shares, which marked a 46% decline from the average session volume of 32,574 shares. The stock’s previous closing price was $6.87.
With a market capitalization of $1.51 billion, Benson Hill has a price-to-earnings ratio of -10.16 and a beta of 2.14. The company’s 50-day moving average stands at $11.04, while its 200-day moving average is $8.20. Benson Hill boasts a quick ratio of 1.86, a current ratio of 2.38, and a debt-to-equity ratio of 1.75.
In its most recent quarterly earnings report released on August 8th, Benson Hill reported an earnings per share (EPS) of ($3.27) for the quarter, falling short of the consensus estimate of ($2.10) by ($1.17). The company’s negative return on equity was 124.29%, with a negative net margin of 33.88%. Its revenue for the quarter amounted to $33.77 million, surpassing analyst estimates of $24.30 million. Analysts predict that Benson Hill, Inc. will post -12.91 earnings per share for the current fiscal year.
Benson Hill, Inc. operates as a food technology company, utilizing its subsidiary, Benson Hill, to unlock the natural genetic diversity of plants. The company operates in two segments, Ingredients and Fresh. Its technology platform, CropOS, combines artificial intelligence, data, and advanced breeding techniques to optimize crops for food, ingredient, and feed products.
Institutional investors have shown interest in Benson Hill, with the company attracting attention due to its innovative approach to food technology. With its focus on leveraging genetic diversity, Benson Hill aims to revolutionize the agricultural industry.