Lavoro (NASDAQ:LVRO) Trading Down 5.2% – Should You Sell?

Lavoro Limited (NASDAQ:LVRO) was down 5.2% during trading on Thursday . The stock traded as low as $1.3217 and last traded at $1.27. Approximately 1,388 shares were traded during trading, a decline of 77% from the average daily volume of 6,124 shares. The stock had previously closed at $1.34.

Wall Street Analysts Forecast Growth

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

Lavoro Stock Down 4.5%

The company’s fifty day moving average is $1.54 and its two-hundred day moving average is $2.02. The stock has a market cap of $148.09 million, a price-to-earnings ratio of -0.78 and a beta of 0.45.

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.