Quisitive Technology Solutions (CVE:QUIS) Hits New 1-Year High - What's Next?

Quisitive Technology Solutions, Inc. (CVE:QUIS) recently set a new record by reaching a 52-week high of C$0.56 on Monday. The stock had a trading volume of 85,010 shares, with its last recorded price also being C$0.56 after closing at the same price.

Wall Street Analyst Insights

Quisitive Technology Solutions has attracted attention from various research analysts. On January 3rd, Raymond James increased their price target for the stock from C$0.54 to C$0.57, maintaining a "market perform" rating. On the same day, Scotiabank changed its stance from an "outperform" rating to a "sector perform" rating while raising the target price from C$0.50 to C$0.57. Additionally, Ventum Financial updated its rating from a "buy" to a "tender" and adjusted the price objective upward from C$0.55 to C$0.57. Currently, two analysts rate Quisitive with a hold and three analysts hold a buy rating. This has resulted in an average analyst rating of "Moderate Buy" and a consensus target price of C$0.69 according to MarketBeat.

Stock Performance Overview

The financial metrics of Quisitive Technology Solutions include a debt-to-equity ratio of 35.41 and a current ratio of 1.61, indicating a healthy balance in managing liabilities. The quick ratio stands at 0.88. The stock has shown significant upward movement with a 50-day moving average price of C$0.45 and a 200-day moving average of C$0.39. Overall, the company's market cap is around C$154.94 million, with a negative P/E ratio of -18.67 and a beta of 1.28, suggesting it may be more volatile compared to the market.

About Quisitive Technology Solutions

Quisitive Technology Solutions operates primarily in North America and South Asia, providing a range of Microsoft solutions. These include services and products based on Microsoft Azure, Microsoft Dynamics, Microsoft 365, Microsoft Copilot, Azure OpenAI, and much more. They also offer emPerform, an employee performance management solution, and PayiQ, a cloud-based payment processing platform.

Investment Perspective

Before investing in Quisitive Technology Solutions, investors should carefully consider their options. MarketBeat identifies several stocks that top analysts recommend over Quisitive, reflecting a potential shift in investor sentiment. Despite its "Moderate Buy" rating, there may be better buying opportunities elsewhere.

Quisitive, Stocks, Investment