Lavoro (NASDAQ:LVRO) Shares Gap Up to $5.50

Lavoro Limited (NASDAQ:LVRO)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.50, but opened at $5.69. Lavoro shares last traded at $5.69, with a volume of 4,305 shares traded.

Wall Street Analyst Weigh In

Separately, Oppenheimer assumed coverage on shares of Lavoro in a research note on Thursday, April 11th. They issued an “outperform” rating and a $11.00 price target for the company.

Lavoro Stock Up 3.6 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.71 and a current ratio of 1.05. The stock’s fifty day moving average price is $6.28 and its two-hundred day moving average price is $6.94.

Lavoro (NASDAQ:LVRO) last posted its earnings results on Thursday, March 7th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 6.44% and a negative net margin of 5.99%. Sell-side analysts predict that Lavoro Limited will post -0.35 earnings per share 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.