Lavoro (NASDAQ:LVRO) Shares Gap Down – What’s Next?

Lavoro Limited (NASDAQ:LVRO) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.71, but opened at $4.60. Lavoro shares last traded at $4.60, with a volume of 388 shares traded.

Analyst Upgrades and Downgrades

Separately, Oppenheimer reduced their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st.

Lavoro Price Performance

The stock has a market cap of $548.07 million, a PE ratio of -3.41 and a beta of 0.15. 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 stock has a 50 day moving average of $4.33 and a two-hundred day moving average of $4.96.

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. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. The firm had revenue of $271.10 million for the quarter. Equities analysts anticipate that Lavoro Limited will post -1.32 EPS for the current 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.