Docebo (TSE:DCBO) Reaches New 1-Year Low - What's Next?

Key Points

• 52-week low: Docebo shares hit a new 52-week low, trading as low as C$21.65 and last at C$22.43 on Thursday, down about 5.1% with ~39,718 shares changing hands.
• Analyst view: Analysts still carry a consensus Buy rating with a consensus target of C$39.33 despite recent cuts to individual targets (ATB Cormark C$35, TD Securities C$28).
• Fundamentals vs. technicals: The company reported C$0.63 EPS, C$82.95M revenue, 15.58% net margin and 73.4% ROE, but the stock is in a downtrend (50-day MA C$25.28 vs. 200-day MA C$30.04) and shows a high debt-to-equity ratio (6.07).

Docebo Inc. (TSE:DCBO - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as C$21.65 and last traded at C$22.43, with a volume of 39718 shares traded. The stock had previously closed at C$23.32.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DCBO. ATB Cormark Capital Markets decreased their price target on shares of Docebo from C$43.00 to C$35.00 and set an "outperform" rating on the stock in a report on Monday, March 2nd. TD Securities dropped their price target on Docebo from C$37.00 to C$28.00 and set a "buy" rating for the company in a research report on Monday, March 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$39.33.

Docebo Trading Down 5.1%

The stock has a market cap of C$571.14 million, a P/E ratio of 17.28 and a beta of 0.12. The company has a debt-to-equity ratio of 6.07, a quick ratio of 3.25 and a current ratio of 1.15. The stock has a 50-day moving average price of C$25.28 and a 200-day moving average price of C$30.04.

Docebo (TSE:DCBO - Get Free Report) last announced its earnings results on Friday, February 27th. The company reported C$0.63 earnings per share (EPS) for the quarter. Docebo had a net margin of 15.58% and a return on equity of 73.40%. The company had revenue of C$82.95 million during the quarter. On average, equities research analysts expect that Docebo Inc. will post 1.6842684 EPS for the current year.

About Docebo

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration.

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