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

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.25, but opened at $4.50. Lavoro shares last traded at $4.50, with a volume of 183 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LVRO shares. Canaccord Genuity Group raised Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. Canaccord Genuity Group restated a “buy” rating and set a $8.50 price target on shares of Lavoro in a report on Friday, July 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $8.88.

Lavoro Trading Up 1.2 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.01. The stock has a fifty day moving average of $4.51 and a 200-day moving average of $5.23. The company has a market cap of $496.88 million, a PE ratio of -5.07 and a beta of 0.17.

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.