Coveo Solutions (TSE:CVO) Stock Price Up 5% – Time to Buy?

Coveo Solutions Inc. (TSE:CVO) shares shot up 5% during mid-day trading on Monday . The company traded as high as C$4.84 and last traded at C$4.80. 99,455 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 214,227 shares. The stock had previously closed at C$4.57.

Wall Street Analyst Weigh In

CVO has been the subject of a number of recent analyst reports. National Bank Financial decreased 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 decreased their price objective on shares of Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a report on Friday, January 30th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$10.50.

Coveo Solutions Trading Up 5.5%

The company has a market cap of C$453.69 million, a P/E ratio of -13.77, a P/E/G ratio of 0.09 and a beta of 1.33. The business has a fifty day simple moving average of C$4.42 and a 200 day simple moving average of C$5.55. The company has a debt-to-equity ratio of 16.61, a quick ratio of 3.14 and a current ratio of 1.47.

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.