Lavoro (NASDAQ:LVRO) Stock Price Up 3.6% – Time to Buy?

Shares of Lavoro Limited (NASDAQ:LVRO) rose 3.6% during trading on Wednesday . The stock traded as high as $4.37 and last traded at $4.35. Approximately 1,797 shares were traded during trading, a decline of 78% from the average daily volume of 8,019 shares. The stock had previously closed at $4.20.

Wall Street Analyst Weigh In

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

Lavoro Stock Up 2.2 %

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 capitalization of $482.76 million, a PE ratio of -3.07 and a beta of 0.31. The business’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $4.79.

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