Coveo Solutions (TSE:CVO) Stock Price Up 1.5% – Here’s What Happened

Coveo Solutions Inc. (TSE:CVO) shares shot up 1.5% during trading on Monday . The company traded as high as C$5.45 and last traded at C$5.40. 88,284 shares changed hands during trading, a decline of 36% from the average session 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 Coveo Solutions from C$10.00 to C$11.00 in a report on Wednesday, February 12th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coveo Solutions currently has a consensus rating of “Buy” and a consensus target price of C$11.06.

Coveo Solutions Trading Up 3.4 %

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

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.