Lavoro (NASDAQ:LVRO) Trading Up 19.3% – Here’s What Happened

Lavoro Limited (NASDAQ:LVRO)’s stock price rose 19.3% on Monday . The stock traded as high as $4.34 and last traded at $5.14. Approximately 4,518 shares changed hands during trading, a decline of 36% from the average daily volume of 7,083 shares. The stock had previously closed at $4.31.

Analyst Upgrades and Downgrades

LVRO has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price target on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Oppenheimer cut their target price on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st.

Lavoro Trading Up 5.2 %

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 company has a market cap of $546.89 million, a price-to-earnings ratio of -2.88 and a beta of 0.32. The company’s fifty day moving average is $4.51 and its two-hundred day moving average is $4.58.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings data on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. On average, research analysts anticipate that Lavoro Limited will post -1.84 EPS 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.