Lavoro (NASDAQ:LVRO) Trading 8.9% Higher – Time to Buy?

Lavoro Limited (NASDAQ:LVRO) shares were up 8.9% on Thursday . The company traded as high as $4.64 and last traded at $4.64. Approximately 6,328 shares changed hands during trading, a decline of 69% from the average daily volume of 20,463 shares. The stock had previously closed at $4.26.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LVRO shares. Canaccord Genuity Group reissued a “buy” rating and set a $8.50 price objective on shares of Lavoro in a research note on Friday, July 19th. Canaccord Genuity Group raised shares of Lavoro to a “strong-buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $8.88.

Lavoro Price Performance

The stock has a market capitalization of $508.42 million, a PE ratio of -5.07 and a beta of 0.17. 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’s 50 day simple moving average is $4.51 and its 200 day simple moving average is $5.23.

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.