Lavoro (NASDAQ:LVRO) Shares Gap Up – Here’s Why

Shares of Lavoro Limited (NASDAQ:LVRO) gapped up prior to trading on Friday . The stock had previously closed at $4.85, but opened at $5.14. Lavoro shares last traded at $5.14, with a volume of 900 shares trading hands.

Analysts Set New Price Targets

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

Lavoro Stock Performance

The stock has a market cap of $599.38 million, a P/E ratio of -3.59 and a beta of 0.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The firm’s 50 day moving average is $4.30 and its 200 day moving average is $4.98.

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