Lavoro (NASDAQ:LVRO) Shares Up 3.6% – Still a Buy?

Shares of Lavoro Limited (NASDAQ:LVRO) rose 3.6% on Wednesday . The company traded as high as $4.37 and last traded at $4.35. Approximately 1,797 shares were traded during trading, a decline of 78% from the average daily volume of 8,019 shares. The stock had previously closed at $4.20.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer reduced their target price on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, October 21st.

Lavoro Price Performance

The stock has a 50 day simple moving average of $4.86 and a 200-day simple moving average of $4.80. The firm has a market cap of $486.26 million, a PE ratio of -3.09 and a beta of 0.31. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11.

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