Coveo Solutions (TSE:CVO) Shares Up 13.5% - Time to Buy?

Coveo Solutions Inc. (TSE:CVO - Get Free Report) shares were up 13.5% during trading on Tuesday . The company traded as high as C$7.05 and last traded at C$6.91. Approximately 163,557 shares were traded during trading, an increase of 95% from the average daily volume of 83,720 shares. The stock had previously closed at C$6.09.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their target price on Coveo Solutions from C$10.00 to C$11.00 in a report on Wednesday, February 12th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coveo Solutions presently has a consensus rating of "Buy" and an average price target of C$11.06.

Coveo Solutions Trading Up 0.3 %

The business's 50-day simple moving average is C$6.50 and its 200-day simple moving average is C$6.33. The company has a market cap of C$505.29 million, a PE ratio of -46.39, a P/E/G ratio of 0.09 and a beta of 0.75. The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36.

Coveo Solutions Company Profile

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.