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

Lavoro Limited (NASDAQ:LVRO) shares 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 traded.

Wall Street Analyst Weigh In

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

Lavoro Price Performance

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 firm has a market capitalization of $565.56 million, a PE ratio of -3.53 and a beta of 0.15. The firm’s fifty day moving average price is $4.30 and its 200 day moving average price is $4.99.

Lavoro (NASDAQ:LVRO) last posted its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. The firm had revenue of $271.10 million for the quarter. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. As a group, equities analysts forecast that Lavoro Limited will post -1.32 earnings per share 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.