Lavoro (NASDAQ:LVRO) Shares Gap Up to $5.58

Lavoro Limited (NASDAQ:LVROGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.58, but opened at $5.80. Lavoro shares last traded at $5.80, with a volume of 235 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LVRO shares. Barclays decreased their price target on shares of Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Tuesday. 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 note on Tuesday.

Check Out Our Latest Stock Report on Lavoro

Lavoro Trading Up 2.7 %

The business’s 50 day simple moving average is $5.88 and its 200 day simple moving average is $6.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.71 and a current ratio of 1.01.

Lavoro (NASDAQ:LVROGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). Lavoro had a negative net margin of 5.10% and a negative return on equity of 19.64%. The business had revenue of $618.96 million during the quarter, compared to analyst estimates of $626.10 million. On average, research analysts anticipate that Lavoro Limited will post -0.7 EPS for the current fiscal year.

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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