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

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.71, but opened at $4.60. Lavoro shares last traded at $4.60, with a volume of 388 shares.

Analyst Upgrades and Downgrades

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

Lavoro Price Performance

The stock has a fifty day moving average of $4.33 and a two-hundred day moving average of $4.96. The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market cap of $548.07 million, a price-to-earnings ratio of -3.41 and a beta of 0.15.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) 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%. On average, equities research analysts anticipate 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.