We recently published a list of 10 Battered Stocks on Friday. In this article, we are going to take a look at where The Mosaic Company (NYSE:MOS) stands against other battered stocks on Friday.

The stock market ended the trading week in the green territory, with all major indices gaining more than 1 percent after slipping into the negative territory at intra-day trading following a clash between US President Donald Trump and Ukrainian leader Volodymyr Zelensky at the White House.

Following the televised meeting, the two leaders concluded the encounter without a deal for joint development of mineral resources.

The Dow Jones jumped by 1.39 percent, the S&P 500 surged by 1.59 percent, and the Nasdaq soared by 1.63 percent.

Ten companies bucked a broader market optimism, with three stocks heavily battered by disappointing earnings results, losing more than 20 percent in their valuations.

In this article, we have detailed the reasons behind their weak performance.

To come up with Friday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A farmer tending to his crops in a field, with a fertiliser bag nearby.

The Mosaic Company (NYSE:MOS)

The Mosaic Company (NYSE:MOS) dropped its share prices by 4.66 percent on Friday to finish at $23.92 apiece as investors’ sentiment was weighed down by its disappointing earnings performance last year.

In its latest earnings release, The Mosaic Company (NYSE:MOS) said net income in the fourth quarter of the year declined by 53.7 percent to $169 million from $365 million in the same period last year, as revenues dropped by 12.5 percent to $2.8 million from $3.2 million.

Meanwhile, net income fell by a whopping 85 percent to $175 million last year from $1.165 billion in 2023, following the negative after-tax impact of notable items totaling $459 million, mainly from foreign exchange losses, partially offset by a gain on sale associated with the Ma’aden transaction.

Revenues similarly dropped by 18.9 percent to $11.1 million from $13.7 million primarily due to the impact of lower selling prices in the Potash and Mosaic Fertilizantes segments.

Overall, MOS ranks 9th on our list of battered stocks on Friday. While we acknowledge the potential of MOS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MOS but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

 

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Disclosure: None. This article is originally published at Insider Monkey.