Lavoro (NASDAQ:LVRO) Shares Gap Down – What’s Next?

Shares of Lavoro Limited (NASDAQ:LVRO) gapped down prior to trading on Thursday . The stock had previously closed at $4.77, but opened at $4.60. Lavoro shares last traded at $4.88, with a volume of 1,099 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Oppenheimer lowered their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

Lavoro Trading Up 4.9 %

The stock’s 50-day simple moving average is $4.30 and its 200-day simple moving average is $4.98. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11.

Lavoro (NASDAQ:LVRO) last announced its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. The business had revenue of $271.10 million for the quarter. Equities analysts expect that Lavoro Limited will post -1.32 earnings per share for the current fiscal 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.