Lavoro (NASDAQ:LVRO) Sees Large Volume Increase - What's Next?

Lavoro Limited (NASDAQ:LVRO - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 3,830 shares were traded during trading, a decline of 43% from the previous session's volume of 6,744 shares.The stock last traded at $4.82 and had previously closed at $4.90.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LVRO. Barclays upgraded Lavoro from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $6.00 to $5.00 in a research note on Tuesday, January 21st. Canaccord Genuity Group reduced their target price on Lavoro from $6.25 to $5.50 and set a "buy" rating for the company in a research note on Tuesday, February 4th.

Lavoro Stock Performance

The stock has a market cap of $552.72 million, a price-to-earnings ratio of -2.91 and a beta of 0.32. The firm's 50-day moving average is $4.47 and its two-hundred day moving average is $4.55. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.13.

Lavoro (NASDAQ:LVRO - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported ($0.39) 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%. As a group, sell-side analysts expect that Lavoro Limited will post -1.84 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Lavoro stock. Citadel Advisors LLC bought a new stake in Lavoro Limited (NASDAQ:LVRO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,069 shares of the company's stock, valued at approximately $48,000. 2.47% of the stock is owned by institutional investors and hedge funds.

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.