Lavoro (NASDAQ:LVRO) Hits New 52-Week Low at $4.56

Lavoro Limited (NASDAQ:LVRO)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $4.56 and last traded at $4.56, with a volume of 6581 shares traded. The stock had previously closed at $4.64.

Analyst Ratings Changes

LVRO has been the topic of several recent research reports. Oppenheimer lowered their price objective 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 dropped their price objective on shares of Lavoro from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Canaccord Genuity Group reiterated a “buy” rating and set a $8.50 target price on shares of Lavoro in a research report on Friday, July 19th. Finally, Canaccord Genuity Group raised shares of Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $8.88.

Lavoro Price Performance

The stock has a market capitalization of $531.74 million, a P/E ratio of -5.50 and a beta of 0.20. The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $5.15 and a two-hundred day simple moving average of $5.68.

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.