Coveo Solutions (TSE:CVO) Stock Jumps 2.4% – Still a Buy?

Coveo Solutions Inc. (TSE:CVO) shares traded up 2.4% on Monday. The stock traded as high as C$4.30 and last traded at C$4.26. 293,863 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 218,771 shares. The stock had previously closed at C$4.16.

Analyst Ratings Changes

Separately, TD lifted their price target on shares of Coveo Solutions from C$6.50 to C$7.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Five 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 has a consensus rating of “Moderate Buy” and a consensus price target of C$8.00.

Coveo Solutions Stock Up 2.4%

The company has a debt-to-equity ratio of 17.00, a current ratio of 1.39 and a quick ratio of 3.14. The firm has a market capitalization of C$395.91 million, a P/E ratio of -21.30, a price-to-earnings-growth ratio of 0.09 and a beta of 1.49. The business has a 50 day moving average price of C$4.30 and a 200 day moving average price of C$4.35.

Coveo Solutions (TSE:CVO) last announced its 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 for the quarter. Coveo Solutions had a negative net margin of 12.74% and a negative return on equity of 19.77%. On average, analysts predict that Coveo Solutions Inc. will post -0.2144225 earnings per share for the current year.

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.