Coveo Solutions (TSE:CVO) Stock Price Down 1.6% – Time to Sell?

Coveo Solutions Inc. (TSE:CVO) shares traded down 1.6% during mid-day trading on Tuesday . The company traded as low as C$5.35 and last traded at C$5.53. 383,965 shares traded hands during trading, an increase of 136% from the average session volume of 162,895 shares. The stock had previously closed at C$5.62.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CVO shares. Stifel Nicolaus cut their target price on Coveo Solutions from C$15.00 to C$13.00 in a research note on Friday, October 31st. Canaccord Genuity Group dropped their price objective on shares of Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. TD Securities raised their price objective on shares of Coveo Solutions from C$10.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada upped their target price on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$11.10.

Coveo Solutions Stock Performance

The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36. The stock has a fifty day simple moving average of C$7.49 and a 200-day simple moving average of C$7.84. The company has a market capitalization of C$530.23 million, a P/E ratio of -24.04, a PEG ratio of 0.09 and a beta of 0.87.

Coveo Solutions (TSE:CVO) last announced its earnings results on Thursday, October 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. Coveo Solutions had a negative return on equity of 7.97% and a negative net margin of 8.74%.The firm had revenue of C$51.99 million for the quarter. Equities analysts forecast that Coveo Solutions Inc. will post -0.2144225 EPS for the current year.

Coveo Solutions Company Profile

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.