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

Lavoro Limited (NASDAQ:LVRO)’s share price gapped down prior to trading on Friday . The stock had previously closed at $5.15, but opened at $5.00. Lavoro shares last traded at $5.00, with a volume of 668 shares changing hands.

Analysts Set New Price Targets

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 Stock 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 stock has a market cap of $542.23 million, a price-to-earnings ratio of -3.44 and a beta of 0.30. The stock’s 50 day moving average is $4.76 and its two-hundred day moving average is $4.84.

Lavoro (NASDAQ:LVRO) last announced its earnings results on Thursday, October 31st. The company reported ($0.68) EPS for the quarter. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. The business had revenue of $271.10 million during the quarter. Analysts anticipate 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.