Coveo Solutions (CVO) Stock Price, News & Analysis

Company Overview

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. Its Relevance Generative Answering capability unifies LLM technology with its platform, ensuring scalable relevance, factuality, and traceable data sources, as well as addresses the unique challenges of deploying generative AI for enterprise use cases, enabling global brands to achieve tangible financial value through digital experiences. The company serves high tech, healthcare, manufacturing, financial services, retail, and telecommunication industries. Coveo Solutions Inc. has strategic relationships with Salesforce, Adobe, SAP, ServiceNow, Zendesk, Sitecore, AppDirect, and commercetools. The company was formerly known as Copernic Business Solutions Inc. and changed its name to Coveo Solutions Inc. in October 2004. Coveo Solutions Inc. was incorporated in 2004 and is headquartered in Québec, Canada.

Key Stats

• Today's Range: C$6.61 to C$6.93
• 50-Day Range: C$5.22 to C$7.46
• 52-Week Range: C$5.07 to C$12.48
• Volume: 107,394 shs
• Average Volume: 137,261 shs
• Market Capitalization: C$369.81 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: C$10.94
• Consensus Rating: Buy

Coveo Solutions Stock Analysis - MarketRank™

Coveo Solutions scored higher than 52% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Coveo Solutions has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Coveo Solutions has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Coveo Solutions is -22.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Coveo Solutions is -22.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Coveo Solutions has a PEG Ratio of 0.09. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Coveo Solutions has a P/B Ratio of 5.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CVO.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Coveo Solutions does not currently pay a dividend.

Dividend Growth

Coveo Solutions does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CVO.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: N/A

News Sentiment

Coveo Solutions has a news sentiment score of 1.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Coveo Solutions this week, compared to 0 articles on an average week.

Search Interest

Only 2 people have searched for CVO on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Coveo Solutions insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.27% of the stock of Coveo Solutions is held by insiders.

Percentage Held by Institutions

48.08% of the stock of Coveo Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CVO Stock Analysis - Frequently Asked Questions

How have CVO shares performed this year?

Coveo Solutions' stock was trading at C$9.60 at the beginning of the year. Since then, CVO stock has decreased by 28.4% and is now trading at C$6.87.
View the best growth stocks for 2024 here.

How do I buy shares of Coveo Solutions?

Shares of CVO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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What other stocks do shareholders of Coveo Solutions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Coveo Solutions investors own include AST SpaceMobile (ASTS), Tempus AI (TEM), Accenture (ACN), Aecon Group (ARE), Purpose Bitcoin ETF (BTCC.B), Citigroup (C) and Coeur Mining (CDE).

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Computer and Technology
• Industry: Software - Infrastructure
• Sub-Industry: N/A
• Current Symbol: TSE:CVO
• CUSIP: N/A
• CIK: N/A
• Web: www.coveo.com
• Phone: 418 263 1111
• Fax: N/A
• Employees: 743
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$10.94
• High Stock Price Target: C$13.50
• Low Stock Price Target: C$10.00
• Potential Upside/Downside: +59.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.30)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: 0.09
• Net Income: C$-22,760,000.00
• Net Margins: -17.81%
• Pretax Margin: N/A
• Return on Equity: -13.95%
• Return on Assets: -6.42%

Debt

• Debt-to-Equity Ratio: 6.05
• Current Ratio: 1.71
• Quick Ratio: 3.14

Sales & Book Value

• Annual Sales: C$127.78 million
• Price / Sales: 2.89
• Cash Flow: C$1.94 per share
• Price / Cash Flow: 3.54
• Book Value: C$1.33 per share
• Price / Book: 5.17

Miscellaneous

• Outstanding Shares: 53,830,000
• Free Float: N/A
• Market Cap: C$369.81 million
• Optionable: Not Optionable
• Beta: 0.75