Coveo Solutions (TSE:CVO) Shares Down 1% – Time to Sell?

Coveo Solutions Inc. (TSE:CVO)’s stock price traded down 1% during mid-day trading on Monday . The company traded as low as C$4.85 and last traded at C$5.00. 506,340 shares traded hands during mid-day trading, an increase of 93% from the average session volume of 261,889 shares. The stock had previously closed at C$5.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. TD Securities lowered their price objective on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating on the stock in a research report on Friday, January 30th. National Bank Financial lowered shares of Coveo Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Coveo Solutions currently has an average rating of “Moderate Buy” and a consensus price target of C$10.60.

Coveo Solutions Stock Down 1.0%

The company has a debt-to-equity ratio of 16.61, a current ratio of 1.47 and a quick ratio of 3.14. The business’s 50 day moving average price is C$6.27 and its 200 day moving average price is C$7.03. The firm has a market cap of C$470.63 million, a PE ratio of -14.29, a PEG ratio of 0.09 and a beta of 0.92.

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

About Coveo Solutions

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.