Lavoro (NASDAQ:LVRO) Shares Gap Down – Here’s Why

Lavoro Limited (NASDAQ:LVRO) shares gapped down before the market opened on Thursday . The stock had previously closed at $4.99, but opened at $4.87. Lavoro shares last traded at $4.86, with a volume of 311 shares.

Analysts Set New Price Targets

LVRO has been the topic of several analyst reports. Canaccord Genuity Group restated a “buy” rating and issued a $8.50 price objective on shares of Lavoro in a report on Friday, July 19th. Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a research report on Friday, July 19th. Finally, Oppenheimer decreased 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $8.38.

Lavoro Stock Down 5.2 %

The firm’s fifty day moving average price is $4.29 and its 200-day moving average price is $5.02. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The company has a market cap of $551.57 million, a price-to-earnings ratio of -3.58 and a beta of 0.15.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. The company 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 earnings per share 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.