Lavoro (NASDAQ:LVRO) Shares Gap Down - Here's What Happened

Lavoro Limited (NASDAQ:LVRO - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $4.62, but opened at $4.31. Lavoro shares last traded at $4.66, with a volume of 100 shares traded.

Analysts Set New Price Targets

LVRO has been the subject of several recent analyst reports. Oppenheimer decreased their price target on Lavoro from $9.00 to $7.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. Canaccord Genuity Group decreased their price target on Lavoro from $6.25 to $5.50 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Finally, Barclays raised Lavoro from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $6.00 to $5.00 in a research note on Tuesday, January 21st.

Lavoro Stock Performance

The firm has a market capitalization of $510.75 million, a PE ratio of -2.69 and a beta of 0.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.70. The firm has a fifty day moving average price of $4.51 and a 200 day moving average price of $4.59.

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 the consensus estimate of ($0.01) by ($0.38). Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. Research analysts anticipate that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

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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.