Cormark Comments on Pivotree’s FY2024 Earnings (CVE:PVT)

Pivotree Inc. (CVE:PVT) – Cormark lowered their FY2024 EPS estimates for shares of Pivotree in a note issued to investors on Thursday, November 14th. Cormark analyst J. Pytlak now expects that the company will post earnings of ($0.45) per share for the year, down from their prior forecast of ($0.28). Cormark has a “Market Perform” rating on the stock. The consensus estimate for Pivotree’s current full-year earnings is $0.08 per share. Cormark also issued estimates for Pivotree’s FY2025 earnings at $0.03 EPS.

Separately, Canaccord Genuity Group dropped their price target on shares of Pivotree from C$1.25 to C$1.00 in a research note on Thursday, November 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Pivotree presently has an average rating of “Hold” and a consensus target price of C$2.38.

Pivotree Stock Performance

Shares of Pivotree stock opened at C$0.93 on Monday. The stock has a market cap of C$24.47 million, a price-to-earnings ratio of -2.58 and a beta of 0.22. The firm’s 50-day moving average is C$1.08 and its 200 day moving average is C$1.24. Pivotree has a 1 year low of C$0.88 and a 1 year high of C$2.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.80 and a quick ratio of 1.95.

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. The company offers infrastructure deployment, data transaction, subscription license, system and application triage and support, configuration management, and security services, as well as provides web and application hosting services.