Pivotree Inc. (CVE:PVT) Forecasted to Earn Q1 2024 Earnings of ($0.05) Per Share

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

PVT has been the topic of several other reports. Cormark cut their target price on Pivotree from C$5.00 to C$3.50 in a report on Monday, April 1st. National Bankshares decreased their target price on Pivotree from C$3.50 to C$3.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Finally, Canaccord Genuity Group lowered Pivotree from a “speculative buy” rating to a “hold” rating and decreased their price objective for the stock from C$3.25 to C$1.50 in a report on Thursday, March 28th.

Pivotree Stock Performance

Shares of PVT stock opened at C$1.45 on Friday. The stock’s fifty day moving average price is C$1.59 and its two-hundred day moving average price is C$1.70. The company 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 company has a debt-to-equity ratio of 1.65, a quick ratio of 1.95 and a current ratio of 3.72.

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.