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

Kinaxis Inc. (OTCMKTS:KXSCF) gapped up prior to trading on Monday . The stock had previously closed at $100.99, but opened at $107.5840. Kinaxis shares last traded at $107.5840, with a volume of 123 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on KXSCF. BMO Capital Markets reissued an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Monday, July 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Kinaxis Stock Performance

The stock has a market capitalization of $3.22 billion and a PE ratio of 68.64. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a 50 day moving average of $110.22 and a 200-day moving average of $104.88.

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.