Coveo Solutions (TSE:CVO) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Coveo Solutions Inc. (TSE:CVO) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$4.71 and traded as low as C$4.61. Coveo Solutions shares last traded at C$4.61, with a volume of 177,483 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CVO shares. Scotiabank upgraded shares of Coveo Solutions to a “hold” rating in a research note on Tuesday, October 6th. BMO Capital Markets raised their target price on shares of Coveo Solutions from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research note on Friday. TD lifted their price target on Coveo Solutions from C$7.00 to C$7.50 and gave the stock a “buy” rating in a report on Friday. Finally, Scotia set a C$5.00 price target on Coveo Solutions and gave the stock a “sector perform” rating in a research report on Tuesday, October 6th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Coveo Solutions has an average rating of “Moderate Buy” and a consensus target price of C$7.17.

Coveo Solutions Price Performance

The business has a fifty day moving average of C$4.43 and a two-hundred day moving average of C$4.71. The company has a debt-to-equity ratio of 17.00, a quick ratio of 3.14 and a current ratio of 1.39. The firm has a market capitalization of C$411.87 million, a price-to-earnings ratio of -23.05, a price-to-earnings-growth ratio of 0.09 and a beta of 1.40.

Coveo Solutions (TSE:CVO) last announced its quarterly earnings results on Thursday, October 29th. The company reported C($0.04) earnings per share (EPS) for the quarter. Coveo Solutions had a negative net margin of 12.74% and a negative return on equity of 19.77%. The business had revenue of C$57.57 million for the quarter. As a group, research analysts predict that Coveo Solutions Inc. will post -0.21 EPS for the current fiscal year.

About Coveo Solutions

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.