National Bank Financial Weighs in on Pivotree Inc.’s Q1 2024 Earnings (CVE:PVT)

Pivotree Inc. (CVE:PVT) – Investment analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for shares of Pivotree in a research note issued on Wednesday, April 17th. National Bank Financial analyst J. Shao anticipates that the company will post earnings of ($0.05) per share for the quarter. The consensus estimate for Pivotree’s current full-year earnings is $0.08 per share.

A number of other research firms have also recently weighed in on PVT. Canaccord Genuity Group cut Pivotree from a “speculative buy” rating to a “hold” rating and decreased their price target for the stock from C$3.25 to C$1.50 in a report on Thursday, March 28th. National Bankshares cut their target price on Pivotree from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research report on Thursday, March 28th. Finally, Cormark cut their target price on Pivotree from C$5.00 to C$3.50 in a research report on Monday, April 1st.

Pivotree Price Performance

CVE PVT opened at C$1.45 on Friday. The stock has a market cap of C$38.41 million, a PE ratio of -5.37 and a beta of 0.35. Pivotree has a fifty-two week low of C$1.19 and a fifty-two week high of C$3.21. The business has a 50 day moving average price of C$1.59 and a two-hundred day moving average price of C$1.70. The company has a quick ratio of 1.95, a current ratio of 3.72 and a debt-to-equity ratio of 1.65.

About Pivotree

Pivotree Inc designs, integrates, deploys, and manages digital platforms in commerce, data management, and supply chain for retail and branded manufacturers in Canada and internationally. It operates in two segments, Professional Services and Managed Services. The company offers a combination of application support and managed hosting with digital strategy and software implementation services.