Lavoro (NASDAQ:LVRO) Shares Gap Up – What’s Next?

Lavoro Limited (NASDAQ:LVRO) shares gapped up before the market opened on Monday . The stock had previously closed at $4.90, but opened at $5.14. Lavoro shares last traded at $4.76, with a volume of 646 shares.

Wall Street Analyst Weigh In

LVRO has been the subject of a number of research analyst reports. Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $6.00 to $5.00 in a research report on Tuesday, January 21st. Canaccord Genuity Group dropped their target price on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a report on Tuesday, February 4th.

Lavoro Stock Performance

The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $577.21 million, a price-to-earnings ratio of -3.04 and a beta of 0.32. The stock has a fifty day moving average price of $4.47 and a two-hundred day moving average price of $4.55.

Lavoro (NASDAQ:LVRO) last announced its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. As a group, analysts forecast that Lavoro Limited will post -1.84 EPS for the current fiscal year.

Institutional Trading of Lavoro

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC acquired a new position in shares of Lavoro Limited (NASDAQ:LVRO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,069 shares of the company’s stock, valued at approximately $48,000. Institutional investors own 2.47% of the company’s stock.

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.