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

Shares of Lavoro Limited (NASDAQ:LVRO) gapped down prior to trading on Friday . The stock had previously closed at $4.62, but opened at $4.31. Lavoro shares last traded at $4.66, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

Several research firms have issued reports on LVRO. Canaccord Genuity Group dropped their target price on Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday. Oppenheimer lowered their price target on Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Finally, Barclays upgraded shares of Lavoro from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Trading Up 0.8 %

The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $4.52 and a two-hundred day moving average of $4.60. The firm has a market capitalization of $542.82 million, a price-to-earnings ratio of -3.45 and a beta of 0.32.

Lavoro (NASDAQ:LVRO) last posted its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. Research analysts predict that Lavoro Limited will post -1 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.