Lavoro (NASDAQ:LVRO) Sees Strong Trading Volume – What’s Next?

Lavoro Limited (NASDAQ:LVRO) shares saw an uptick in trading volume on Wednesday . 11,693 shares changed hands during mid-day trading, an increase of 127% from the previous session’s volume of 5,155 shares.The stock last traded at $4.78 and had previously closed at $4.88.

Wall Street Analysts Forecast Growth

Several analysts have commented on LVRO shares. Canaccord Genuity Group decreased their target price on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Barclays upgraded shares of Lavoro from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st.

Lavoro Stock Down 3.8 %

The business has a 50 day moving average price of $4.49 and a 200 day moving average price of $4.56. The firm has a market capitalization of $566.72 million, a P/E ratio of -2.98 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.66.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings data on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. On average, analysts predict that Lavoro Limited will post -1.84 earnings per share for the current year.

Institutional Trading of Lavoro

A hedge fund recently raised its stake in Lavoro stock. Northern Trust Corp lifted its holdings in shares of Lavoro Limited (NASDAQ:LVRO) by 73.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 25,488 shares of the company’s stock after acquiring an additional 10,826 shares during the period. Northern Trust Corp’s holdings in Lavoro were worth $122,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 2.47% of the company’s stock.

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.