Kinaxis (TSE:KXS) Stock Price Passes Above 50 Day Moving Average of $155.51

Kinaxis Inc. (TSE:KXS)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$155.51 and traded as high as C$162.80. Kinaxis shares last traded at C$159.57, with a volume of 182,573 shares traded.

Analyst Ratings Changes

KXS has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, August 2nd. ATB Capital dropped their price objective on shares of Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. CIBC lowered shares of Kinaxis from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$180.00 to C$154.00 in a report on Friday, June 21st. TD Securities lowered their price target on Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. Finally, Scotiabank cut their price objective on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$192.11.

Kinaxis Trading Down 2.0 %

The business’s 50-day simple moving average is C$155.51 and its two-hundred day simple moving average is C$152.87. The company has a current ratio of 1.90, a quick ratio of 2.29 and a debt-to-equity ratio of 12.40. The company has a market capitalization of C$4.51 billion, a PE ratio of 161.18, a PEG ratio of 3.60 and a beta of 0.77.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.42 EPS for the quarter, beating analysts’ consensus estimates of C$0.27 by C$0.15. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%. The firm had revenue of C$161.83 million during the quarter, compared to the consensus estimate of C$160.55 million. On average, analysts predict that Kinaxis Inc. will post 4.3821138 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Megan Paterson sold 3,172 shares of Kinaxis stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$156.28, for a total value of C$495,720.16. Following the completion of the sale, the insider now owns 121 shares in the company, valued at C$18,909.88. In other Kinaxis news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total transaction of C$667,584.00. Also, Senior Officer Megan Paterson sold 3,172 shares of Kinaxis stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$156.28, for a total value of C$495,720.16. Following the completion of the transaction, the insider now owns 121 shares of the company’s stock, valued at approximately C$18,909.88. In the last three months, insiders sold 8,265 shares of company stock worth $1,268,146. 1.20% of the stock is currently owned by insiders.

About Kinaxis

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.