Coveo Solutions Inc. (TSE:CVO - Get Free Report)'s stock price traded up 9.2% during trading on Monday . The stock traded as high as C$5.97 and last traded at C$5.70. 190,696 shares traded hands during trading, an increase of 55% from the average session volume of 122,945 shares. The stock had previously closed at C$5.22.
Analysts Set New Price Targets
A number of brokerages recently issued reports on CVO. Royal Bank of Canada decreased their price objective on shares of Coveo Solutions from C$13.00 to C$11.00 in a report on Thursday, August 8th. Stifel Nicolaus decreased their price objective on shares of Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th. TD Securities cut their price target on shares of Coveo Solutions from C$12.00 to C$11.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Canaccord Genuity Group cut their price target on shares of Coveo Solutions from C$12.00 to C$11.00 and set a "buy" rating on the stock in a research note on Monday, July 15th. Finally, BMO Capital Markets cut their price target on shares of Coveo Solutions from C$10.50 to C$10.00 in a research note on Thursday, August 8th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Coveo Solutions presently has an average rating of "Buy" and a consensus price target of C$10.94.
Check Out Our Latest Report on CVO
Coveo Solutions Stock Performance
The stock has a market capitalization of C$320.29 million, a price-to-earnings ratio of -19.83, a P/E/G ratio of 0.09 and a beta of 0.75. The company's fifty day simple moving average is C$5.84 and its 200 day simple moving average is C$6.96. The company has a quick ratio of 3.14, a current ratio of 1.71 and a debt-to-equity ratio of 6.05.
Coveo Solutions (TSE:CVO - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.04) by C($0.04). Coveo Solutions had a negative net margin of 17.81% and a negative return on equity of 13.95%. The business had revenue of C$44.08 million during the quarter, compared to analyst estimates of C$43.87 million. On average, equities research analysts expect that Coveo Solutions Inc. will post -0.2144225 earnings per share for the current year.
About Coveo Solutions
(
Get Free Report)
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.
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