Kinaxis (TSE:KXS) Stock Crosses Above 50 Day Moving Average of $155.51

Kinaxis Inc. (TSE:KXS)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$155.51 and traded as high as C$162.80. Kinaxis shares last traded at C$159.57, with a volume of 182,573 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on KXS. CIBC cut shares of Kinaxis from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$180.00 to C$154.00 in a research note on Friday, June 21st. Stifel Nicolaus decreased their price target on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. ATB Capital cut their price objective on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Scotiabank decreased their target price on Kinaxis from C$200.00 to C$190.00 in a report on Thursday, August 29th. Finally, TD Securities reduced their target price on Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Kinaxis currently has a consensus rating of “Moderate Buy” and a consensus price target of C$192.11.

Kinaxis Stock Performance

The stock has a market capitalization of C$4.51 billion, a PE ratio of 161.18, a P/E/G ratio of 3.60 and a beta of 0.77. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The firm has a 50 day moving average of C$155.51 and a 200-day moving average of C$152.87.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.15. The business had revenue of C$161.83 million during the quarter, compared to analyst estimates of C$160.55 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. Research analysts forecast that Kinaxis Inc. will post 4.3821138 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Megan Paterson sold 3,172 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the transaction, the insider now directly owns 121 shares in the company, valued at approximately C$18,909.88. In other news, Senior Officer Megan Paterson sold 3,172 shares of Kinaxis stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the completion of the sale, the insider now directly owns 121 shares in the company, valued at approximately C$18,909.88. Also, Director Angel Luis Mendez acquired 1,400 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was purchased at an average price of C$148.96 per share, for a total transaction of C$208,537.00. Insiders sold a total of 8,265 shares of company stock worth $1,268,146 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.