Coveo Solutions (TSE:CVO) Shares Up 1% – Here’s What Happened

Coveo Solutions Inc. (TSE:CVO) rose 1% on Tuesday . The company traded as high as C$4.28 and last traded at C$4.23. Approximately 142,265 shares were traded during trading, a decline of 43% from the average daily volume of 250,776 shares. The stock had previously closed at C$4.19.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. TD Securities reduced their price target on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a research note on Friday, January 30th. National Bank Financial cut Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Coveo Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.60.

Coveo Solutions Price Performance

The company’s fifty day moving average price is C$5.51 and its 200 day moving average price is C$6.53. The company has a market capitalization of C$398.15 million, a P/E ratio of -12.09, a PEG ratio of 0.09 and a beta of 0.92. The company has a quick ratio of 3.14, a current ratio of 1.47 and a debt-to-equity ratio of 16.61.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Thursday, January 29th. The company reported C($0.11) earnings per share (EPS) for the quarter. The company had revenue of C$52.18 million during the quarter. Coveo Solutions had a negative net margin of 22.49% and a negative return on equity of 28.39%. As a group, sell-side analysts forecast that Coveo Solutions Inc. will post -0.2144225 EPS for the current year.

Coveo Solutions Company Profile

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.