Lavoro (NASDAQ:LVRO) Trading 16.7% Higher – Still a Buy?

Lavoro Limited (NASDAQ:LVRO)’s stock price shot up 16.7% during trading on Thursday . The stock traded as high as $3.96 and last traded at $4.39. 846 shares traded hands during trading, a decline of 92% from the average session volume of 11,008 shares. The stock had previously closed at $3.76.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Oppenheimer cut their price objective 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. Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $6.00 to $5.00 in a research report on Tuesday.

Lavoro Trading Up 6.9 %

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 business’s 50-day moving average price is $4.64 and its two-hundred day moving average price is $4.67. The company has a market capitalization of $468.77 million, a P/E ratio of -2.98 and a beta of 0.31.

Lavoro (NASDAQ:LVRO) last posted its earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share (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. As a group, analysts forecast that Lavoro Limited will post -1.32 EPS for the current fiscal 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.