Coveo Solutions (TSE:CVO) Shares Up 2.6% – Here’s Why

Coveo Solutions Inc. (TSE:CVO – Get Free Report)’s stock price shot up 2.6% during mid-day trading on Tuesday . The stock traded as high as C$4.47 and last traded at C$4.42. 96,118 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 217,403 shares. The stock had previously closed at C$4.31.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CVO. National Bank Financial dropped their price target on shares of Coveo Solutions from C$9.00 to C$7.00 and set a “sector perform” rating for the company in a research report on Monday, April 27th. TD Securities dropped their price target on shares of Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a research report on Friday, January 30th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.50.

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Coveo Solutions Price Performance

The company has a quick ratio of 3.14, a current ratio of 1.47 and a debt-to-equity ratio of 16.61. The stock has a market cap of C$419.80 million, a price-to-earnings ratio of -12.74, a price-to-earnings-growth ratio of 0.09 and a beta of 1.33. The company’s 50-day moving average is C$4.43 and its 200-day moving average is C$5.56.

Coveo Solutions Company Profile

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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.

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