Coveo Solutions (TSE:CVO) Trading 5% Higher – What’s Next?

Coveo Solutions Inc. (TSE:CVO)’s share price shot up 5% during mid-day trading on Monday . The company traded as high as C$4.84 and last traded at C$4.80. 99,455 shares were traded during mid-day trading, a decline of 54% from the average session volume of 214,227 shares. The stock had previously closed at C$4.57.

Analyst Ratings Changes

CVO has been the subject of a number of recent research reports. TD Securities lowered their price objective on shares of Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a research report on Friday, January 30th. National Bank Financial cut their target price on shares of Coveo Solutions from C$9.00 to C$7.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$10.50.

Coveo Solutions Price Performance

The company has a 50-day simple moving average of C$4.42 and a two-hundred day simple moving average of C$5.55. The stock has a market capitalization of C$453.69 million, a price-to-earnings ratio of -13.77, a price-to-earnings-growth ratio of 0.09 and a beta of 1.33. The company has a debt-to-equity ratio of 16.61, a current ratio of 1.47 and a quick ratio of 3.14.

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.