Kinaxis (OTCMKTS:KXSCF) Shares Gap Up – What’s Next?

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $102.0420, but opened at $107.60. Kinaxis shares last traded at $104.60, with a volume of 104 shares traded.

Analysts Set New Price Targets

Several brokerages have recently weighed in on KXSCF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Kinaxis in a report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kinaxis currently has an average rating of “Buy”.

Kinaxis Trading Down 1.8%

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $2.86 billion and a price-to-earnings ratio of 60.91. The business’s 50-day simple moving average is $102.53 and its 200-day simple moving average is $110.03.

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. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.