Lavoro (NASDAQ:LVRO) Shares Down 13.9% – Here’s Why

Lavoro Limited (NASDAQ:LVRO)’s stock price dropped 13.9% on Wednesday . The company traded as low as $4.82 and last traded at $4.30. Approximately 2,302 shares changed hands during trading, a decline of 65% from the average daily volume of 6,620 shares. The stock had previously closed at $4.99.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LVRO. 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, January 21st. Canaccord Genuity Group decreased 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 Price Performance

The business’s fifty day moving average is $4.47 and its 200-day moving average is $4.55. The firm has a market cap of $556.22 million, a PE ratio of -2.93 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.66.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts predict that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Institutional Trading of Lavoro

A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC bought a new stake in Lavoro Limited (NASDAQ:LVRO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,069 shares of the company’s stock, valued at approximately $48,000. 2.47% of the stock is currently owned by institutional investors.

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.