Lavoro (NASDAQ:LVRO) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Lavoro Limited (NASDAQ:LVRO) saw unusually-high trading volume on Tuesday . Approximately 3,830 shares changed hands during mid-day trading, a decline of 43% from the previous session’s volume of 6,744 shares.The stock last traded at $4.82 and had previously closed at $4.90.

Analysts Set New Price Targets

LVRO has been the subject of several research reports. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $6.00 to $5.00 in a report on Tuesday, January 21st. Canaccord Genuity Group reduced their target price on Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, February 4th.

Lavoro Stock Performance

The company has a 50-day moving average of $4.47 and a 200-day moving average of $4.55. The firm has a market capitalization of $570.81 million, a P/E ratio of -3.00 and a beta of 0.32. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.13.

Lavoro (NASDAQ:LVRO) last announced its earnings results on Monday, February 3rd. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 10.39% and a negative return on equity of 57.56%. On average, equities analysts anticipate that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lavoro

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC acquired a new position in shares of Lavoro Limited (NASDAQ:LVRO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,069 shares of the company’s stock, valued at approximately $48,000. Institutional investors and hedge funds own 2.47% of the company’s stock.

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.