Coveo Solutions (TSE:CVO) Stock Price Up 2.4% – Here’s Why

Coveo Solutions Inc. (TSE:CVO)’s share price was up 2.4% on Monday. The company traded as high as C$4.30 and last traded at C$4.26. 293,863 shares traded hands during mid-day trading, an increase of 34% from the average session volume of 218,771 shares. The stock had previously closed at C$4.16.

Wall Street Analysts Forecast Growth

Separately, TD boosted their price objective on shares of Coveo Solutions from C$6.50 to C$7.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$8.00.

Coveo Solutions Price Performance

The stock has a 50-day simple moving average of C$4.30 and a 200 day simple moving average of C$4.35. The company has a debt-to-equity ratio of 17.00, a quick ratio of 3.14 and a current ratio of 1.39. The company has a market cap of C$395.91 million, a P/E ratio of -21.30, a P/E/G ratio of 0.09 and a beta of 1.49.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings data on Thursday, July 30th. The company reported C($0.09) earnings per share for the quarter. The firm had revenue of C$54.77 million for the quarter. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%. On average, equities analysts expect that Coveo Solutions Inc. will post -0.2144225 EPS for the current 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.