Lavoro (NASDAQ:LVRO) Trading 16.7% Higher – Still a Buy?

Lavoro Limited (NASDAQ:LVRO) traded up 16.7% during trading on Thursday . The stock traded as high as $3.96 and last traded at $4.39. 846 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 11,008 shares. The stock had previously closed at $3.76.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Oppenheimer lowered their target price on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Barclays upgraded shares of Lavoro from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $6.00 to $5.00 in a research report on Tuesday.

Lavoro Stock Performance

The company has a market cap of $471.10 million, a P/E ratio of -2.99 and a beta of 0.31. 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 simple moving average of $4.61 and a two-hundred day simple moving average of $4.66.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings data on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. The business had revenue of $271.10 million during the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. On average, sell-side analysts anticipate that Lavoro Limited will post -1.32 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.