Lavoro (NASDAQ:LVRO) Trading Down 13.9% - Time to Sell?

Shares of Lavoro Limited (NASDAQ:LVRO - Get Free Report) were down 13.9% during mid-day trading on Wednesday . The company traded as low as $4.82 and last traded at $4.30. Approximately 2,302 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 6,620 shares. The stock had previously closed at $4.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LVRO shares. Barclays raised Lavoro from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $6.00 to $5.00 in a research report on Tuesday, January 21st. Canaccord Genuity Group reduced 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 Stock Down 4.0 %

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 firm has a market cap of $552.72 million, a price-to-earnings ratio of -2.91 and a beta of 0.32. The firm has a 50-day moving average price of $4.46 and a two-hundred day moving average price of $4.55.

Lavoro (NASDAQ:LVRO - Get Free Report) last issued 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, sell-side analysts forecast 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 purchased a new stake in Lavoro Limited (NASDAQ:LVRO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,069 shares of the company's stock, valued at approximately $48,000. Institutional investors own 2.47% of the company's stock.

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.