Lavoro (NASDAQ:LVRO) Trading Up 6.1% – Time to Buy?

Lavoro Limited (NASDAQ:LVRO) shot up 6.1% during trading on Monday . The company traded as high as $1.0559 and last traded at $1.0050. 8,702 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 6,667 shares. The stock had previously closed at $0.9469.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Lavoro in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average target price of $3.44.

Lavoro Trading Up 6.1%

The stock has a market capitalization of $117.19 million, a P/E ratio of -0.62 and a beta of 0.47. The business has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.85.

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.