Lavoro (NASDAQ:LVRO) Trading Down 7.4% – What’s Next?

Lavoro Limited (NASDAQ:LVRO) shares fell 7.4% on Friday . The stock traded as low as $1.02 and last traded at $1.12. 242,983 shares traded hands during trading, a decline of 96% from the average session volume of 6,166,707 shares. The stock had previously closed at $1.21.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lavoro in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $3.44.

Lavoro Stock Performance

The stock’s 50-day moving average price is $0.94 and its two-hundred day moving average price is $1.50. The stock has a market capitalization of $130.60 million, a PE ratio of -0.71 and a beta of 0.51.

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. The company also produces specialty fertilizers, crop protection products, and biological crop inputs. It operates in Brazil, Colombia, and Uruguay. The company sells its products through its physical stores and digital channel.