Lavoro (NASDAQ:LVRO) Stock Price Up 6.9% – Should You Buy?

Lavoro Limited (NASDAQ:LVRO) shares rose 6.9% on Tuesday . The stock traded as high as $4.99 and last traded at $4.99. Approximately 3,158 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 19,965 shares. The stock had previously closed at $4.67.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Canaccord Genuity Group reissued a “buy” rating and set a $8.50 price target on shares of Lavoro in a report on Friday, July 19th. Oppenheimer cut their target price on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Finally, Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lavoro currently has an average rating of “Buy” and an average price target of $8.38.

Lavoro Stock Down 5.2 %

The stock has a market cap of $551.57 million, a P/E ratio of -3.50 and a beta of 0.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The firm’s 50-day moving average is $4.29 and its two-hundred day moving average is $5.02.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (EPS) 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%. On average, equities research analysts anticipate that Lavoro Limited will post -1.32 earnings per share for the current 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.