Lavoro (NASDAQ:LVRO) Trading Up 19.3% – Here’s Why

Lavoro Limited (NASDAQ:LVRO) shares were up 19.3% on Monday . The stock traded as high as $4.34 and last traded at $5.14. Approximately 4,518 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 7,083 shares. The stock had previously closed at $4.31.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Canaccord Genuity Group decreased their target price on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Oppenheimer reduced their target price on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, Barclays raised shares of Lavoro from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st.

Lavoro Stock Up 5.2 %

The stock has a market cap of $546.89 million, a PE ratio of -2.88 and a beta of 0.32. The business has a fifty day moving average of $4.51 and a 200-day moving average of $4.58. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70.

Lavoro (NASDAQ:LVRO) last announced its quarterly 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%. Equities research analysts anticipate that Lavoro Limited will post -1.84 earnings per share for the current year.

About Lavoro

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.