Pivotree (CVE:PVT) Trading 16.9% Higher – Should You Buy?

On January 7, 2025, shares of Pivotree Inc. (CVE:PVT) experienced a notable increase, trading up by 16.9%. During this trading session, the stock reached a high of C$1.07 before settling at C$1.04 by the end of the day. The total volume for the day was 19,736 shares, which represents a significant 141% increase compared to the average daily trading volume of 8,187 shares. Notably, the stock had previously closed at C$0.89.

Wall Street Analysts Forecast Growth

Recent assessments from research analysts have influenced opinions on Pivotree's stock. Canaccord Genuity Group revised their price target for Pivotree from C$1.25 to C$1.00 in a report published on November 14. Additionally, Cormark changed their rating from "buy" to "market perform" in the same timeframe. Currently, four analysts have issued a hold rating on the stock, while one has given it a buy rating. As per data sourced from MarketBeat.com, Pivotree enjoys a consensus rating of "Hold" with an average target price set at C$2.38.

Pivotree Stock Up 16.9 %

The financial health of Pivotree can be examined through several metrics. The company has a current ratio of 2.80, a quick ratio of 1.95, and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average price stands at C$0.88, while the 200-day moving average price is at C$1.06. Pivotree has a market capitalization of C$27.36 million, a price-to-earnings ratio of -2.89, and a beta of 0.22, indicating relatively low volatility.

Pivotree Company Profile

Pivotree Inc. specializes in the design, integration, deployment, and management of digital platforms that are pivotal in commerce, data management, and supply chain operations for retail and branded manufacturers both in Canada and globally. The offerings of the company include infrastructure deployment, data transactions, subscription licenses, system and application support, configuration management, and security services, in addition to web and application hosting services.

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