Lavoro (NASDAQ:LVRO) Trading Down 10.9% – Should You Sell?

Lavoro Limited (NASDAQ:LVRO)’s stock price traded down 10.9% during mid-day trading on Thursday . The stock traded as low as $4.50 and last traded at $4.50. 1,588 shares changed hands during trading, a decline of 92% from the average session volume of 18,732 shares. The stock had previously closed at $5.05.

Wall Street Analysts Forecast Growth

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

Lavoro Stock Down 10.9 %

The company has a market cap of $524.74 million, a P/E ratio of -3.74 and a beta of 0.30. The company has a 50 day moving average of $4.54 and a 200-day moving average of $4.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70.

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