Lavoro (NASDAQ:LVRO) Trading Up 6.9% – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO)’s stock price traded up 6.9% during mid-day trading on Tuesday . The company traded as high as $4.99 and last traded at $4.99. 3,158 shares were traded during mid-day trading, a decline of 84% from the average session volume of 19,965 shares. The stock had previously closed at $4.67.

Wall Street Analysts Forecast Growth

LVRO has been the subject of a number of research analyst reports. Oppenheimer cut their target price on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $8.50 target price on shares of Lavoro in a report on Friday, July 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $8.38.

Lavoro Stock Down 5.2 %

The firm has a market capitalization of $551.57 million, a price-to-earnings ratio of -3.50 and a beta of 0.15. The business has a 50 day moving average of $4.29 and a 200 day moving average of $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 announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. The business had revenue of $271.10 million during the quarter. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. On average, 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.