Kinaxis (TSE:KXS) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Kinaxis Inc. (TSE:KXS)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$165.92 and traded as high as C$168.35. Kinaxis shares last traded at C$164.71, with a volume of 166,215 shares.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KXS shares. National Bank Financial upped their target price on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Royal Bank Of Canada set a C$210.00 target price on shares of Kinaxis and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Canadian Imperial Bank of Commerce lifted their price target on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Finally, BMO Capital Markets boosted their target price on Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$203.12.

Kinaxis Stock Performance

The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The company’s 50-day moving average is C$166.38 and its two-hundred day moving average is C$152.13. The company has a market capitalization of C$4.67 billion, a P/E ratio of 56.10, a PEG ratio of 3.60 and a beta of 0.71.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. The business had revenue of C$230.64 million during the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. Equities analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Insider Transactions at Kinaxis

In other news, insider Andrew William Robert Bell sold 3,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$179.48, for a total value of C$538,440.00. Following the completion of the sale, the insider owned 1,455 shares of the company’s stock, valued at approximately C$261,143.40. This represents a 67.34% decrease in their position. Also, insider Vasile Gelu Ticala sold 961 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total transaction of C$170,750.48. Following the transaction, the insider directly owned 596 shares in the company, valued at approximately C$105,897.28. This represents a 61.72% decrease in their position. In the last quarter, insiders sold 31,580 shares of company stock worth $5,492,647. Corporate insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.