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

Lavoro Limited (NASDAQ:LVRO)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.98, but opened at $4.54. Lavoro shares last traded at $4.87, with a volume of 624 shares trading hands.

Wall Street Analyst Weigh In

Separately, Oppenheimer dropped their price objective on Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st.

Lavoro Stock Down 6.8 %

The company’s fifty day simple moving average is $4.85 and its 200-day simple moving average is $4.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. The firm has a market capitalization of $541.06 million, a PE ratio of -3.44 and a beta of 0.31.

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