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

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $4.99, but opened at $4.87. Lavoro shares last traded at $4.86, with a volume of 311 shares.

Analyst Ratings Changes

Several brokerages have recently weighed in on LVRO. Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a report on Friday, July 19th. Canaccord Genuity Group restated a “buy” rating and issued a $8.50 price target on shares of Lavoro in a research note on Friday, July 19th. Finally, Oppenheimer dropped 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. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lavoro presently has an average rating of “Buy” and a consensus price target of $8.38.

Lavoro Price Performance

The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $4.29 and a 200 day moving average of $5.02. The firm has a market cap of $551.57 million, a P/E ratio of -3.58 and a beta of 0.15.

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