kneat.com (TSE:KSI) Reaches New 12-Month High – Should You Buy?

kneat.com, inc. (TSE:KSI) reached a new 52-week high on Wednesday . The stock traded as high as C$6.44 and last traded at C$6.44, with a volume of 22521 shares trading hands. The stock had previously closed at C$6.43.

Analyst Ratings Changes

Several research firms have weighed in on KSI. TD Securities lowered kneat.com from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, June 9th. ATB Cormark Capital Markets lifted their price objective on kneat.com from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Stifel Nicolaus lowered kneat.com from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$5.75 to C$6.50 in a research note on Wednesday, June 10th. TD lowered kneat.com from a “buy” rating to a “sell” rating and lifted their price objective for the stock from C$6.00 to C$6.50 in a research note on Tuesday, June 9th. Finally, Raymond James Financial dropped their price objective on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$6.30.

kneat.com Price Performance

The company has a debt-to-equity ratio of 42.42, a current ratio of 1.41 and a quick ratio of 1.50. The firm has a market capitalization of C$618.13 million, a P/E ratio of -80.38, a price-to-earnings-growth ratio of 597.67 and a beta of 1.18. The business has a 50 day moving average price of C$4.93 and a 200 day moving average price of C$4.53.

kneat.com (TSE:KSI) last released its quarterly earnings data on Wednesday, May 13th. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$18.00 million for the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. On average, analysts predict that kneat.com, inc. will post -0.12 earnings per share for the current year.

kneat.com Company Profile

Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end.