Kinaxis (TSE:KXS) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Kinaxis Inc. (TSE:KXS) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$175.40 and traded as high as C$176.01. Kinaxis shares last traded at C$174.92, with a volume of 14,502 shares traded.

Analyst Upgrades and Downgrades

KXS has been the subject of several analyst reports. CIBC upgraded shares of Kinaxis from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from C$201.00 to C$203.00 in a report on Monday, December 15th. Cibc Captl Mkts upgraded Kinaxis from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. TD Securities upped their price target on Kinaxis from C$225.00 to C$229.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, National Bankshares set a C$240.00 price target on Kinaxis and gave the company an “outperform” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$228.38.

Kinaxis Trading Down 1.1%

The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The firm has a market cap of C$4.91 billion, a price-to-earnings ratio of 145.77, a price-to-earnings-growth ratio of 3.60 and a beta of 0.74. The firm’s fifty day moving average is C$175.40 and its 200-day moving average is C$187.56.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.58 earnings per share for the quarter. The firm 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%. Equities analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Insiders Place Their Bets

In other Kinaxis news, insider Kushan Krishna Surana sold 222 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of C$177.41, for a total value of C$39,385.02. Following the transaction, the insider directly owned 19 shares of the company’s stock, valued at approximately C$3,370.79. The trade was a 92.12% decrease in their ownership of the stock. Insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

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.