Lavoro (NASDAQ:LVRO) Stock Price Up 10.5% - Should You Buy?

Shares of Lavoro Limited (NASDAQ:LVRO - Get Free Report) were up 10.5% on Monday . The stock traded as high as $4.95 and last traded at $4.95. Approximately 2,445 shares were traded during trading, a decline of 88% from the average daily volume of 19,917 shares. The stock had previously closed at $4.48.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LVRO shares. Canaccord Genuity Group upgraded Lavoro to a "strong-buy" rating in a research note on Friday, July 19th. Canaccord Genuity Group restated a "buy" rating and issued a $8.50 price target on shares of Lavoro in a research note on Friday, July 19th. Finally, Oppenheimer cut 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. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $8.38.

Lavoro Stock Down 0.4 %

The company has a quick ratio of 0.77, a current ratio of 1.01 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $520.07 million, a PE ratio of -3.30 and a beta of 0.15. The business has a 50-day moving average price of $4.30 and a 200-day moving average price of $5.07.

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.