Lavoro (NASDAQ:LVRO) Shares Gap Down – Time to Sell?

Lavoro Limited (NASDAQ:LVRO)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.00, but opened at $4.72. Lavoro shares last traded at $4.72, with a volume of 189 shares trading hands.

Wall Street Analysts Forecast Growth

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

Lavoro Stock Performance

The company has a fifty day moving average of $4.39 and a two-hundred day moving average of $4.94. The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11.

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

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.