Kinaxis (TSE:KXS) Stock Price Crosses Above 50 Day Moving Average of $150.28

Kinaxis Inc. (TSE:KXS)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$150.28 and traded as high as C$151.25. Kinaxis shares last traded at C$150.62, with a volume of 40,114 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KXS shares. TD Securities reduced their price objective on shares of Kinaxis from C$210.00 to C$200.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Eight Capital decreased their price objective on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, March 1st. CIBC dropped their target price on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Scotiabank decreased their price target on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Finally, BMO Capital Markets dropped their price target on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$199.44.

Kinaxis Price Performance

The stock has a fifty day moving average of C$150.28 and a 200 day moving average of C$152.06. The stock has a market cap of C$4.27 billion, a price-to-earnings ratio of 209.19, a P/E/G ratio of 3.60 and a beta of 0.77. The company has a debt-to-equity ratio of 11.91, a current ratio of 2.53 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.36 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.06. The business had revenue of C$160.93 million during the quarter, compared to analysts’ expectations of C$158.33 million. Kinaxis had a net margin of 3.38% and a return on equity of 3.42%. On average, analysts expect that Kinaxis Inc. will post 2.8913676 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director J. Ian Giffen sold 5,200 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of C$155.41, for a total value of C$808,140.32. In other news, Director J. Ian Giffen sold 5,200 shares of Kinaxis stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of C$155.41, for a total transaction of C$808,140.32. Also, Director John Ernest Sicard sold 12,328 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of C$154.39, for a total transaction of C$1,903,365.53. In the last three months, insiders have sold 34,650 shares of company stock valued at $5,253,452. Company insiders own 1.22% of the company’s stock.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.