Coveo Solutions (TSE:CVO) Shares Down 0.1% – Time to Sell?

Shares of Coveo Solutions Inc. (TSE:CVO) fell 0.1% during trading on Wednesday . The company traded as low as C$6.63 and last traded at C$6.73. 233,246 shares changed hands during trading, an increase of 20% from the average session volume of 193,645 shares. The stock had previously closed at C$6.74.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Natl Bk Canada downgraded Coveo Solutions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Stifel Nicolaus decreased their price target on shares of Coveo Solutions from C$15.00 to C$13.00 in a research report on Friday, October 31st. Finally, Canaccord Genuity Group dropped their price target on shares of Coveo Solutions from C$13.00 to C$11.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$11.10.

Coveo Solutions Price Performance

The firm has a market cap of C$645.29 million, a price-to-earnings ratio of -29.26, a P/E/G ratio of 0.09 and a beta of 1.16. The business’s 50-day simple moving average is C$6.36 and its two-hundred day simple moving average is C$7.62. The company has a current ratio of 1.85, a quick ratio of 3.14 and a debt-to-equity ratio of 5.36.

Coveo Solutions (TSE:CVO) last issued its quarterly earnings results on Thursday, October 30th. The company reported C($0.05) earnings per share (EPS) for the quarter. Coveo Solutions had a negative return on equity of 7.97% and a negative net margin of 8.74%.The firm had revenue of C$51.99 million during the quarter. As a group, research analysts expect that Coveo Solutions Inc. will post -0.2144225 EPS for the current fiscal year.

Coveo Solutions Company Profile

Coveo Solutions Inc is an AI-powered platform. It provides applied AI solutions enabling enterprises to deliver relevant digital experiences at scale. The company’s solutions provide value to its customers by helping drive revenue growth, reduce customer support costs, increase customer satisfaction and website engagement, and improve employee proficiency and satisfaction.