Lavoro (NASDAQ:LVRO) Shares Gap Down to $6.00

Lavoro Limited (NASDAQ:LVRO)’s share price gapped down prior to trading on Monday . The stock had previously closed at $6.00, but opened at $5.55. Lavoro shares last traded at $5.57, with a volume of 1,178 shares.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed coverage on shares of Lavoro in a report on Thursday, April 11th. They set an “outperform” rating and a $11.00 price target on the stock.

Lavoro Price Performance

The stock’s 50 day moving average price is $6.07 and its 200-day moving average price is $6.91. The company has a quick ratio of 0.71, a current ratio of 1.05 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $676.34 million, a PE ratio of -5.92 and a beta of 0.21.

Lavoro (NASDAQ:LVRO) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.10). The firm had revenue of $618.96 million for the quarter, compared to analysts’ expectations of $626.10 million. Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. As a group, equities analysts forecast that Lavoro Limited will post -0.35 EPS for the current year.

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.