Coveo Solutions (TSE:CVO) Trading Down 0.4% – Should You Sell?

Shares of Coveo Solutions Inc. (TSE:CVO) dropped 0.4% during trading on Thursday . The company traded as low as C$7.24 and last traded at C$7.33. Approximately 76,533 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 136,540 shares. The stock had previously closed at C$7.36.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada decreased their price target on Coveo Solutions from C$13.00 to C$11.00 in a research note on Thursday, August 8th. BMO Capital Markets lowered their target price on Coveo Solutions from C$10.50 to C$10.00 in a research note on Thursday, August 8th. TD Securities reduced their price target on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Stifel Nicolaus decreased their price target on shares of Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th. Eight research 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$10.94.

Coveo Solutions Stock Down 0.4 %

The company has a debt-to-equity ratio of 6.05, a current ratio of 1.71 and a quick ratio of 3.14. The stock has a fifty day moving average price of C$6.19 and a two-hundred day moving average price of C$6.75. The company has a market cap of C$394.57 million, a P/E ratio of -24.43, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75.

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.