Lavoro (NASDAQ:LVRO) Shares Down 7.6% – Here’s Why

by · The Cerbat Gem

Lavoro Limited (NASDAQ:LVRO – Get Free Report)’s share price dropped 7.6% during trading on Monday . The stock traded as low as $4.50 and last traded at $4.50. Approximately 2,899 shares were traded during trading, a decline of 85% from the average daily volume of 19,951 shares. The stock had previously closed at $4.87.

Wall Street Analysts Forecast Growth

LVRO has been the topic of several recent research reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a $8.50 target price on shares of Lavoro in a research report on Friday, July 19th. Canaccord Genuity Group upgraded Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. Finally, Oppenheimer decreased their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $8.38.

Read Our Latest Stock Analysis on Lavoro

Lavoro Price Performance

The stock’s fifty day moving average is $4.29 and its 200-day moving average is $5.03. The stock has a market capitalization of $581.87 million, a PE ratio of -3.61 and a beta of 0.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70.

About Lavoro

(Get Free Report)

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.

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