Coveo Solutions (TSE:CVO) Shares Down 3.8% – Here’s What Happened

Coveo Solutions Inc. (TSE:CVO) shares traded down 3.8% on Friday . The stock traded as low as C$5.56 and last traded at C$5.64. 147,636 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 147,553 shares. The stock had previously closed at C$5.86.

Wall Street Analysts Forecast Growth

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

Coveo Solutions Price Performance

The company has a debt-to-equity ratio of 5.36, a quick ratio of 3.14 and a current ratio of 1.85. The business’s 50 day simple moving average is C$6.50 and its 200-day simple moving average is C$6.38. The stock has a market capitalization of C$378.96 million, a price-to-earnings ratio of -34.79, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75.

About Coveo Solutions

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.