Coveo Solutions (TSE:CVO) Shares Down 0.4% – Here’s Why

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CVO shares. Royal Bank of Canada lowered their price objective on shares of Coveo Solutions from C$13.00 to C$11.00 in a report on Thursday, August 8th. Stifel Nicolaus lowered their target price on shares of Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th. TD Securities lowered their target price on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, BMO Capital Markets lowered their target price on shares of Coveo Solutions from C$10.50 to C$10.00 in a report on Thursday, August 8th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$10.94.

Coveo Solutions Price Performance

The business’s fifty day moving average is C$6.24 and its 200-day moving average is C$6.75. 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 firm has a market cap of C$393.50 million, a PE ratio of -24.37, a P/E/G 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.