Lavoro (NASDAQ:LVRO) Sees Unusually-High Trading Volume – Here’s What Happened

Lavoro Limited (NASDAQ:LVROGet Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 3,830 shares were traded during trading, a decline of 43% from the previous session’s volume of 6,744 shares.The stock last traded at $4.82 and had previously closed at $4.90.

Analysts Set New Price Targets

LVRO has been the subject of several recent analyst reports. Canaccord Genuity Group reduced their target price on shares of Lavoro from $6.25 to $5.50 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $6.00 to $5.00 in a research report on Tuesday, January 21st.

Check Out Our Latest Stock Report on LVRO

Lavoro Stock Down 1.9 %

The stock’s fifty day moving average price is $4.47 and its 200 day moving average price is $4.55. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.13. The stock has a market cap of $570.81 million, a P/E ratio of -3.00 and a beta of 0.32.

Lavoro (NASDAQ:LVROGet Free Report) last released its earnings results 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, research analysts forecast that Lavoro Limited will post -1.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Lavoro stock. Citadel Advisors LLC bought a new position in Lavoro Limited (NASDAQ:LVROFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,069 shares of the company’s stock, valued at approximately $48,000. Institutional investors and hedge funds own 2.47% of the company’s stock.

About Lavoro

(Get Free Report)

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.

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