Coveo Solutions (TSE:CVO) Trading 1.5% Higher – What’s Next?

Coveo Solutions Inc. (TSE:CVO) shares were up 1.5% during trading on Monday . The stock traded as high as C$5.45 and last traded at C$5.40. Approximately 88,284 shares were traded during trading, a decline of 36% from the average daily volume of 138,151 shares. The stock had previously closed at C$5.32.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lifted their price objective on shares of Coveo Solutions from C$10.00 to C$11.00 in a research note on Wednesday, February 12th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coveo Solutions presently has a consensus rating of “Buy” and a consensus price target of C$11.06.

Coveo Solutions Price Performance

The firm has a market cap of C$389.71 million, a P/E ratio of -35.78, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75. The stock’s 50-day moving average is C$6.21 and its 200-day moving average is C$6.29. The company has a quick ratio of 3.14, a current ratio of 1.85 and a debt-to-equity ratio of 5.36.

Coveo Solutions Company Profile

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.