Lavoro (NASDAQ:LVRO) Shares Down 1.3% – Should You Sell?

Lavoro Limited (NASDAQ:LVRO)’s share price dropped 1.3% during mid-day trading on Wednesday . The stock traded as low as $1.47 and last traded at $1.49. Approximately 1,730 shares traded hands during trading, a decline of 94% from the average daily volume of 30,041 shares. The stock had previously closed at $1.51.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LVRO shares. Canaccord Genuity Group lowered shares of Lavoro from a “strong-buy” rating to a “hold” rating and dropped their price objective for the company from $5.50 to $2.25 in a research report on Monday, June 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Lavoro in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Strong Sell” and an average price target of $3.44.

Lavoro Stock Down 1.3%

The company’s fifty day moving average price is $1.70 and its 200 day moving average price is $2.22. The company has a market capitalization of $173.75 million, a P/E ratio of -0.91 and a beta of 0.49.

Lavoro Company Profile

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.