Lavoro (NASDAQ:LVRO) Shares Gap Down - What's Next?

Shares of Lavoro Limited (NASDAQ:LVRO - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $4.77, but opened at $4.44. Lavoro shares last traded at $4.40, with a volume of 112 shares traded.

Analyst Upgrades and Downgrades

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

Lavoro Price Performance

The stock's 50-day moving average is $4.47 and its 200 day moving average is $4.55. 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 market capitalization of $581.88 million, a PE ratio of -3.06 and a beta of 0.32.

Lavoro (NASDAQ:LVRO - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported ($0.39) earnings per share (EPS) 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%. As a group, equities 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 position in shares of 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 firm bought 10,069 shares of the company's stock, valued at approximately $48,000. 2.47% of the stock is owned by institutional investors.

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.