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

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $4.98, but opened at $4.54. Lavoro shares last traded at $4.87, with a volume of 624 shares trading hands.

Wall Street Analyst Weigh In

Separately, Oppenheimer reduced 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.

Lavoro Trading Down 3.6 %

The company has a quick ratio of 0.70, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $472.26 million, a price-to-earnings ratio of -3.00 and a beta of 0.31. The company has a 50-day moving average price of $4.86 and a 200-day moving average price of $4.80.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) EPS for the quarter. The business had revenue of $271.10 million for the quarter. Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. Research analysts predict that Lavoro Limited will post -1.32 EPS 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.