Lavoro (NASDAQ:LVRO) Trading Up 7.6% - Here's Why

Lavoro Limited (NASDAQ:LVRO - Get Free Report) rose 7.6% on Tuesday . The stock traded as high as $4.20 and last traded at $4.33. Approximately 11,454 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 17,322 shares. The stock had previously closed at $4.02.

Wall Street Analysts Forecast Growth

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

Lavoro Trading Up 2.8 %

The firm has a market cap of $423.29 million, a P/E ratio of -2.23 and a beta of 0.32. The business's 50-day moving average is $4.28 and its two-hundred day moving average is $4.46. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.66.

Lavoro (NASDAQ:LVRO - Get Free Report) last announced its quarterly earnings data 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, analysts predict that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Lavoro

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

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.