Lavoro (NASDAQ:LVRO) Shares Gap Down to $5.43

Lavoro Limited (NASDAQ:LVRO) gapped down before the market opened on Monday . The stock had previously closed at $5.43, but opened at $5.12. Lavoro shares last traded at $5.14, with a volume of 2,991 shares traded.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LVRO. Oppenheimer reduced their target price on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Barclays reduced their target price on shares of Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 4th.

Lavoro Stock Performance

The company has a quick ratio of 0.77, a current ratio of 1.01 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $5.67 and its 200-day moving average is $6.77. The firm has a market cap of $605.20 million, a P/E ratio of -6.18 and a beta of 0.22.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings results on Monday, June 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.56). The company had revenue of $514.23 million during the quarter, compared to the consensus estimate of $643.60 million. Lavoro had a negative return on equity of 19.64% and a negative net margin of 5.10%. As a group, analysts forecast that Lavoro Limited will post -1.08 earnings per share for the current fiscal 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.