Lavoro (NASDAQ:LVRO) Sees Strong Trading Volume - Time to Buy?

Lavoro Limited (NASDAQ:LVRO - Get Free Report) shares saw an uptick in trading volume on Wednesday . 11,693 shares changed hands during trading, an increase of 127% from the previous session's volume of 5,155 shares.The stock last traded at $4.78 and had previously closed at $4.88.

Analyst Upgrades and Downgrades

LVRO has been the subject of a number of recent analyst reports. Barclays raised Lavoro from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $6.00 to $5.00 in a research report on Tuesday, January 21st. Canaccord Genuity Group lowered their price target on Lavoro from $6.25 to $5.50 and set a "buy" rating on the stock in a research report on Tuesday, February 4th.

Lavoro Price Performance

The stock has a market capitalization of $571.39 million, a P/E ratio of -3.01 and a beta of 0.32. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.66 and a current ratio of 0.95. The stock has a 50-day simple moving average of $4.47 and a 200 day simple moving average of $4.55.

Lavoro (NASDAQ:LVRO - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative return on equity of 57.56% and a negative net margin of 10.39%. On average, equities analysts forecast that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Institutional Trading of Lavoro

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC purchased a new position in shares of Lavoro Limited (NASDAQ:LVRO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,069 shares of the company's stock, valued at approximately $48,000. Institutional investors own 2.47% of the company's stock.

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.