Mosaic Company (MOS) stock hits $31.64: Is it a good time to buy or wait for a dip?

At the time of writing, Mosaic Company [MOS] stock is trading at $31.64, up 0.51%. An important factor to consider is whether the stock is rising or falling in short-term value. The MOS shares have gain 3.57% over the last week, with a monthly amount drifted -1.28%, and not seem to be holding up well over a long-time horizon.

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On 21, February 2024, Mosaic Announces Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, The Mosaic Company (NYSE:MOS) released its financial results for fourth quarter and full year 2023. The company’s earnings release and supplemental materials are available at https:

From an analyst’s perspective:

Mosaic Company [NYSE: MOS] stock has seen the most recent analyst activity on February 22, 2024, when Scotiabank upgraded its rating to a Sector Outperform but kept the price target unchanged to $40 for it. Previously, Mizuho downgraded its rating to Neutral on January 24, 2024, and dropped its price target to $34. On November 14, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $42 on the stock. Barclays downgraded its rating to a Underweight but stick to its price target of $40 on August 14, 2023. HSBC Securities upgraded its rating to a Hold but $40 remained the price target by the analyst firm on July 26, 2023. In a note dated May 11, 2023, Piper Sandler downgraded an Neutral rating on this stock and revised its target price from $62 to $42.

For the past year, the stock price of Mosaic Company fluctuated between $29.25 and $57.16. Currently, Wall Street analysts expect the stock to reach $57.58 within the next 12 months. Mosaic Company [NYSE: MOS] shares were valued at $31.64 at the most recent close of the market. An investor can expect a potential return of 81.98% based on the average MOS price forecast.

Analyzing the MOS fundamentals

According to Mosaic Company [NYSE:MOS], the company’s sales were 13.70B for trailing twelve months, which represents an -29.72% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.21 points at the first support level, and at 30.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.96, and for the 2nd resistance point, it is at 32.29.

Mosaic Company [MOS] reported earnings per share of $0.71 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.86/share, meaning a difference of -$0.15 and a surprise factor of -17.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.68 per share as compared to estimates of $0.75 per share, a difference of -$0.07 representing a surprise of -9.30%.

Ratios To Look Out For

It is important to note that Mosaic Company [NYSE:MOS] has a current ratio of 1.22. On the other hand, the Quick Ratio is 0.57, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 0.83 and price to earnings (TTM) ratio is 9.06.

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