Lavoro (NASDAQ:LVRO) Stock Price Up 16.7% – Here’s Why

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

Analyst Ratings Changes

Several research analysts have recently weighed in on LVRO shares. Barclays upgraded Lavoro from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $6.00 to $5.00 in a research note on Tuesday. Oppenheimer dropped their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st.

Lavoro Stock Performance

The stock has a market capitalization of $471.10 million, a PE ratio of -2.99 and a beta of 0.31. The business’s fifty day moving average price is $4.61 and its 200-day moving average price is $4.66. 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 issued its quarterly earnings results 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%. As a group, equities research analysts expect that Lavoro Limited will post -1.32 EPS 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.