Docebo (TSE:DCBO) Stock Price Up 1% – Time to Buy?

Shares of Docebo Inc. (TSE:DCBO) rose 1% during trading on Tuesday . The company traded as high as C$38.01 and last traded at C$37.73. Approximately 35,681 shares traded hands during trading, a decline of 41% from the average daily volume of 60,384 shares. The stock had previously closed at C$37.37.

Wall Street Analyst Weigh In

Separately, ATB Capital lifted their price objective on shares of Docebo from C$45.00 to C$50.00 in a report on Monday, August 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$62.33.

Docebo Stock Up 1.0%

The stock’s fifty day moving average is C$41.20 and its two-hundred day moving average is C$40.27. The company has a current ratio of 1.13, a quick ratio of 3.25 and a debt-to-equity ratio of 4.50. The company has a market capitalization of C$1.08 billion, a PE ratio of 54.68 and a beta of 0.66.

About Docebo

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America.