Coveo Solutions (TSE:CVO) Stock Price Up 0.4% - Still a Buy?

Coveo Solutions Inc. (TSE:CVO - Get Free Report)'s share price was up 0.4% during mid-day trading on Tuesday . The stock traded as high as C$8.09 and last traded at C$7.91. Approximately 114,578 shares were traded during trading, a decline of 13% from the average daily volume of 132,296 shares. The stock had previously closed at C$7.88.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CVO shares. National Bankshares lowered their price objective on shares of Coveo Solutions from C$8.50 to C$7.50 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Stifel Nicolaus raised their price objective on shares of Coveo Solutions from C$11.00 to C$13.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Canaccord Genuity Group raised their price objective on shares of Coveo Solutions from C$11.00 to C$12.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. TD Securities lowered their price objective on shares of Coveo Solutions from C$11.00 to C$10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Finally, Royal Bank Of Canada raised their price objective on shares of Coveo Solutions from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$10.64.

Coveo Solutions Trading Down 1.0%

The firm has a market cap of C$526.12 million, a PE ratio of -48.30, a P/E/G ratio of 0.09 and a beta of 0.75. The company's fifty day moving average price is C$7.16 and its two-hundred day moving average price is C$6.47. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36.

About Coveo Solutions

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.