Lavoro (NASDAQ:LVRO) Shares Gap Down to $5.43

Lavoro Limited (NASDAQ:LVRO)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $5.43, but opened at $5.12. Lavoro shares last traded at $5.14, with a volume of 2,991 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LVRO. Oppenheimer reduced their price target on Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Barclays reduced their price target on Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 4th.

Lavoro Stock Performance

The business has a 50-day moving average price of $5.67 and a 200-day moving average price of $6.77. The firm has a market capitalization of $605.20 million, a price-to-earnings ratio of -6.18 and a beta of 0.22. The company has a quick ratio of 0.77, a current ratio of 1.01 and a debt-to-equity ratio of 0.09.

Lavoro (NASDAQ:LVRO) last issued its quarterly earnings results on Monday, June 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.56). The business had revenue of $514.23 million for the quarter, compared to analyst estimates of $643.60 million. Lavoro had a negative return on equity of 19.64% and a negative net margin of 5.10%. As a group, sell-side analysts forecast that Lavoro Limited will post -1.08 earnings per share 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.