Coveo Solutions (TSE:CVO) Shares Up 0.4% - Should You Buy?

Coveo Solutions Inc. (TSE:CVO - Get Free Report)'s stock price was up 0.4% during trading on Tuesday . The stock traded as high as C$8.09 and last traded at C$7.91. Approximately 114,578 shares traded hands 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 Analysts Forecast Growth

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

Coveo Solutions Stock Performance

The company has a debt-to-equity ratio of 5.36, a current ratio of 1.85 and a quick ratio of 3.14. The business's 50 day moving average price is C$7.13 and its 200-day moving average price is C$6.46. The firm has a market capitalization of C$531.49 million, a price-to-earnings ratio of -48.79, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75.

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.