Lavoro (NASDAQ:LVRO) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Lavoro Limited (NASDAQ:LVRO) saw an uptick in trading volume on Tuesday . 58,378 shares changed hands during trading, an increase of 193% from the previous session’s volume of 19,895 shares.The stock last traded at $4.57 and had previously closed at $4.46.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LVRO. Oppenheimer reduced their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.50 price objective on shares of Lavoro in a research note on Friday, July 19th. Finally, Canaccord Genuity Group raised Lavoro to a “strong-buy” rating in a research note 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. According to data from MarketBeat.com, Lavoro presently has a consensus rating of “Buy” and an average price target of $8.38.

Lavoro Stock Down 4.3 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. The company has a market capitalization of $541.06 million, a P/E ratio of -3.59 and a beta of 0.15. The company has a 50 day moving average of $4.29 and a 200-day moving average of $5.06.

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.