Lavoro (NASDAQ:LVRO) Shares Gap Down – Time to Sell?

Lavoro Limited (NASDAQ:LVRO) gapped down before the market opened on Thursday . The stock had previously closed at $4.99, but opened at $4.87. Lavoro shares last traded at $4.86, with a volume of 311 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LVRO. Canaccord Genuity Group restated a “buy” rating and issued a $8.50 target price on shares of Lavoro in a research note on Friday, July 19th. Canaccord Genuity Group upgraded shares of Lavoro to a “strong-buy” rating in a research report on Friday, July 19th. Finally, Oppenheimer lowered their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lavoro currently has a consensus rating of “Buy” and a consensus target price of $8.38.

Lavoro Trading Down 1.3 %

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The firm has a market cap of $544.56 million, a P/E ratio of -3.46 and a beta of 0.15. The firm has a 50 day simple moving average of $4.29 and a 200 day simple moving average of $5.01.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. The firm had revenue of $271.10 million during the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. On average, equities research analysts predict that Lavoro Limited will post -1.32 EPS for the current fiscal year.

Lavoro Company Profile

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.