Lavoro (NASDAQ:LVRO) Shares Down 7.6% – Here’s What Happened

Shares of Lavoro Limited (NASDAQ:LVRO) traded down 7.6% on Monday . The company traded as low as $4.50 and last traded at $4.50. 2,899 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 19,951 shares. The stock had previously closed at $4.87.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LVRO. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.50 price target 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 dropped their price target on Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Lavoro currently has a consensus rating of “Buy” and a consensus price target of $8.38.

Lavoro Stock Up 6.9 %

The company’s 50 day simple moving average is $4.28 and its 200-day simple moving average is $5.02. 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 issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. The business had revenue of $271.10 million for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. On average, sell-side analysts predict that Lavoro Limited will post -1.32 earnings per share 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.