Coveo Solutions (TSE:CVO) Stock Price Up 2.4% – What’s Next?

Shares of Coveo Solutions Inc. (TSE:CVO – Get Free Report) were up 2.4% during mid-day trading on Monday. The company traded as high as C$4.30 and last traded at C$4.26. 293,863 shares were traded 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 Coveo Solutions from C$6.50 to C$7.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$8.00.

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Coveo Solutions Trading Down 0.9%

The stock has a market cap of C$395.91 million, a price-to-earnings ratio of -21.30, a P/E/G ratio of 0.09 and a beta of 1.49. The business’s 50 day moving average is C$4.30 and its 200 day moving average is C$4.34. The company has a debt-to-equity ratio of 17.00, a current ratio of 1.39 and a quick ratio of 3.14.

Coveo Solutions (TSE:CVO – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C($0.09) earnings per share for the quarter. The business had revenue of C$54.77 million during the quarter. Coveo Solutions had a negative net margin of 12.74% and a negative return on equity of 19.77%. As a group, equities analysts expect that Coveo Solutions Inc. will post -0.2144225 earnings per share for the current fiscal year.

About Coveo Solutions

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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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