Lavoro (NASDAQ:LVRO) Reaches New 52-Week Low at $4.75

Lavoro Limited (NASDAQ:LVRO)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $4.75 and last traded at $4.86, with a volume of 9323 shares changing hands. The stock had previously closed at $4.84.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LVRO shares. Canaccord Genuity Group raised shares of Lavoro to a “strong-buy” rating in a report on Friday, July 19th. Barclays reduced their target price 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, June 4th. Oppenheimer lowered their price target on Lavoro from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Tuesday, June 4th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $8.50 target price on shares of Lavoro in a report on Friday, July 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $8.88.

Lavoro Stock Up 0.6 %

The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The firm has a market cap of $567.88 million, a price-to-earnings ratio of -5.76 and a beta of 0.21. The firm has a 50 day moving average price of $5.26 and a 200-day moving average price of $5.95.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings results on Monday, June 3rd. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.56). The business had revenue of $514.23 million during the quarter, compared to analysts’ expectations of $643.60 million. Lavoro had a negative net margin of 5.10% and a negative return on equity of 19.64%. On average, equities analysts forecast that Lavoro Limited will post -1.08 EPS for the current 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.