Coveo Solutions (TSE:CVO) Trading Up 1% – What’s Next?

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

Analyst Upgrades and Downgrades

Separately, TD Securities decreased their price target on shares of Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a report on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Coveo Solutions has a consensus rating of “Moderate Buy” and an average target price of C$10.60.

Coveo Solutions Stock Up 0.2%

The stock has a market cap of C$405.68 million, a PE ratio of -12.31, a P/E/G ratio of 0.09 and a beta of 0.92. The business has a 50 day moving average price of C$5.47 and a 200 day moving average price of C$6.52. 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 announced 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 for the quarter. Equities research analysts expect that Coveo Solutions Inc. will post -0.2144225 EPS for the current fiscal 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.