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

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $4.98, but opened at $4.54. Lavoro shares last traded at $4.87, with a volume of 624 shares traded.

Analyst Ratings Changes

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

Lavoro Price Performance

The stock has a market capitalization of $472.26 million, a P/E ratio of -3.00 and a beta of 0.31. The company has a 50 day moving average of $4.86 and a 200-day moving average of $4.80. The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) 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%. Sell-side analysts predict that Lavoro Limited will post -1.32 EPS 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.