Lavoro (NASDAQ:LVRO) Shares Gap Up to $5.23

Lavoro Limited (NASDAQ:LVRO)’s share price gapped up before the market opened on Monday . The stock had previously closed at $5.23, but opened at $5.39. Lavoro shares last traded at $5.39, with a volume of 179 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oppenheimer reduced their target price on shares of Lavoro from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. Barclays cut their price target on Lavoro from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th.

Lavoro Trading Up 0.7 %

The stock has a market cap of $628.53 million, a PE ratio of -6.42 and a beta of 0.21. The firm has a 50-day moving average price of $5.61 and a 200-day moving average price of $6.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.01.

Lavoro (NASDAQ:LVRO) last issued its earnings results on Monday, June 3rd. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.56). Lavoro had a negative return on equity of 19.64% and a negative net margin of 5.10%. The firm had revenue of $514.23 million during the quarter, compared to analysts’ expectations of $643.60 million. As a group, equities analysts anticipate that Lavoro Limited will post -1.08 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.