Kinaxis (TSE:KXS) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Kinaxis Inc. (TSE:KXS) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$147.94 and traded as high as C$167.34. Kinaxis shares last traded at C$163.53, with a volume of 127,129 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KXS. Royal Bank Of Canada boosted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a report on Friday, May 8th. National Bank Financial decreased their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research report on Wednesday, May 27th. Canaccord Genuity Group decreased their price objective on Kinaxis from C$225.00 to C$200.00 in a research report on Friday, March 6th. TD Securities decreased their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$200.00.

Kinaxis Stock Down 2.3%

The company has a current ratio of 1.72, a quick ratio of 2.29 and a debt-to-equity ratio of 12.15. The firm has a market cap of C$4.47 billion, a price-to-earnings ratio of 55.62, a PEG ratio of 3.60 and a beta of 0.72. The firm has a 50-day moving average of C$147.94 and a two-hundred day moving average of C$150.27.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%.The business had revenue of C$230.19 million during the quarter. As a group, sell-side analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Conrad John Mandala sold 30,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$148.10, for a total transaction of C$4,443,000.00. Following the transaction, the insider directly owned 820 shares in the company, valued at C$121,442. The trade was a 97.34% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,010 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$151.39, for a total value of C$758,463.90. Following the transaction, the director owned 32,945 shares in the company, valued at C$4,987,543.55. This represents a 13.20% decrease in their ownership of the stock. Insiders have sold a total of 35,934 shares of company stock valued at $5,328,181 in the last three months. 1.20% of the stock is owned by insiders.

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.