Docebo (TSE:DCBO) Reaches New 12-Month Low – Time to Sell?

Shares of Docebo Inc. (TSE:DCBO) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$34.24 and last traded at C$34.62, with a volume of 37136 shares. The stock had previously closed at C$35.92.

Wall Street Analyst Weigh In

Separately, ATB Capital raised their price objective on shares of Docebo from C$45.00 to C$50.00 in a report on Monday, August 11th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$62.33.

Docebo Stock Down 3.3%

The firm has a market capitalization of C$989.22 million, a PE ratio of 49.91 and a beta of 0.64. The company has a debt-to-equity ratio of 4.50, a current ratio of 1.13 and a quick ratio of 3.25. The company has a 50-day moving average price of C$39.25 and a 200 day moving average price of C$39.80.

Docebo Company Profile

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America.