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

Kinaxis Inc. (TSE:KXS) shares 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.

Wall Street Analysts Forecast Growth

KXS has been the topic of a number of recent research reports. Canaccord Genuity Group cut their price target on shares of Kinaxis from C$225.00 to C$200.00 in a report on Friday, March 6th. TD Securities decreased their price objective on shares of Kinaxis from C$229.00 to C$200.00 and set a “buy” rating for the company in a report on Friday, March 6th. Canadian Imperial Bank of Commerce increased their target price on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Royal Bank Of Canada raised 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, May 8th. Finally, BMO Capital Markets boosted their price target on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$200.00.

Kinaxis Stock Down 2.3%

The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15. The business has a 50-day simple moving average of C$147.94 and a 200-day simple moving average of C$150.27. The stock has a market cap of C$4.47 billion, a P/E ratio of 55.62, a PEG ratio of 3.60 and a beta of 0.72.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 EPS for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The company had revenue of C$230.19 million for the quarter. Analysts expect that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Insiders Place Their Bets

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