Kinaxis (TSE:KXS) Hits New 1-Year Low – Should You Sell?

Shares of Kinaxis Inc. (TSE:KXS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$147.93 and last traded at C$148.80, with a volume of 74801 shares trading hands. The stock had previously closed at C$155.38.

Analyst Ratings Changes

KXS has been the topic of several analyst reports. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada set a C$235.00 target price on Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, January 7th. CIBC raised Kinaxis from a “neutral” rating to an “outperform” rating and increased their price target for the company from C$201.00 to C$203.00 in a research note on Monday, December 15th. Cibc Captl Mkts upgraded Kinaxis from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Finally, National Bankshares set a C$240.00 target price on Kinaxis and gave the company an “outperform” rating in a report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$228.38.

Kinaxis Stock Performance

The stock has a market capitalization of C$4.19 billion, a P/E ratio of 124.29, a price-to-earnings-growth ratio of 3.60 and a beta of 0.81. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The company has a 50-day moving average price of C$173.46 and a two-hundred day moving average price of C$183.42.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. The business had revenue of C$187.41 million during the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%. On average, equities analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Insider Buying and Selling at Kinaxis

In related news, insider Kushan Krishna Surana sold 222 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the transaction, the insider owned 19 shares in the company, valued at C$3,370.79. The trade was a 92.12% decrease in their position. 1.20% of the stock is owned by corporate insiders.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.