Lavoro (NASDAQ:LVRO) Sees Strong Trading Volume – Here’s Why

Lavoro Limited (NASDAQ:LVRO) saw unusually-high trading volume on Tuesday . Approximately 11,089 shares were traded during trading, an increase of 60% from the previous session’s volume of 6,935 shares.The stock last traded at $4.53 and had previously closed at $4.31.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LVRO. Oppenheimer cut their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st. Finally, Canaccord Genuity Group reduced their price target on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a research report on Tuesday, February 4th.

Lavoro Stock Performance

The firm has a market capitalization of $510.17 million, a PE ratio of -2.68 and a beta of 0.32. The business has a 50-day simple moving average of $4.51 and a 200-day simple moving average of $4.59. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings data on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. Equities research analysts expect that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

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.