Lavoro (NASDAQ:LVRO) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Lavoro Limited (NASDAQ:LVRO) saw unusually-high trading volume on Monday . Approximately 64,719 shares were traded during trading, an increase of 252% from the previous session’s volume of 18,367 shares.The stock last traded at $4.50 and had previously closed at $4.82.

Analyst Upgrades and Downgrades

Separately, Oppenheimer decreased their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, October 21st.

Lavoro Trading Down 3.1 %

The stock’s 50 day simple moving average is $4.77 and its 200 day simple moving average is $4.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.70 and a current ratio of 0.98. The firm has a market cap of $544.56 million, a PE ratio of -3.46 and a beta of 0.30.

Lavoro (NASDAQ:LVRO) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.68) earnings per share for the quarter. Lavoro had a negative net margin of 8.16% and a negative return on equity of 38.92%. The firm had revenue of $271.10 million for the quarter. On average, sell-side analysts forecast that Lavoro Limited will post -1.32 earnings per share for the current fiscal year.

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.