Research Analysts Offer Predictions for Pivotree Inc.’s Q1 2024 Earnings (CVE:PVT)

Pivotree Inc. (CVE:PVT) – Investment analysts at National Bank Financial issued their Q1 2024 EPS estimates for Pivotree in a research note issued to investors on Wednesday, April 17th. National Bank Financial analyst J. Shao anticipates that the company will earn ($0.05) per share for the quarter. The consensus estimate for Pivotree’s current full-year earnings is $0.08 per share.

Several other research analysts also recently weighed in on PVT. Canaccord Genuity Group downgraded shares of Pivotree from a “speculative buy” rating to a “hold” rating and reduced their price target for the stock from C$3.25 to C$1.50 in a research report on Thursday, March 28th. National Bankshares dropped their price target on shares of Pivotree from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research note on Thursday, March 28th. Finally, Cormark dropped their price target on shares of Pivotree from C$5.00 to C$3.50 in a research note on Monday, April 1st.

Pivotree Stock Performance

Shares of Pivotree stock opened at C$1.45 on Friday. The firm has a 50-day simple moving average of C$1.59 and a two-hundred day simple moving average of C$1.70. The company has a market cap of C$38.41 million, a P/E ratio of -5.37 and a beta of 0.35. Pivotree has a fifty-two week low of C$1.19 and a fifty-two week high of C$3.21. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.95 and a current ratio of 3.72.

About Pivotree

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. It operates in two segments, Professional Services and Managed Services. The company offers a combination of application support and managed hosting with digital strategy and software implementation services.