Coveo Solutions (TSE:CVO) Stock Price Up 1.5% – Should You Buy?

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

Analysts Set New Price Targets

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

Coveo Solutions Trading Up 1.5 %

The company has a market capitalization of C$362.84 million, a P/E ratio of -33.31, a P/E/G ratio of 0.09 and a beta of 0.75. The company has a 50-day simple moving average of C$6.22 and a 200 day simple moving average of C$6.30. The company has a debt-to-equity ratio of 5.36, a quick ratio of 3.14 and a current ratio of 1.85.

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.