Kinaxis (TSE:KXS) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Kinaxis Inc. (TSE:KXS)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$174.72 and traded as high as C$174.78. Kinaxis shares last traded at C$167.89, with a volume of 92,726 shares.

Analyst Upgrades and Downgrades

KXS has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a C$235.00 price target on shares of Kinaxis and gave the company an “outperform” rating in a report on Wednesday, January 7th. National Bankshares set a C$240.00 price objective on Kinaxis and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Cibc Captl Mkts raised Kinaxis from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. TD Securities boosted their price target on Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, CIBC raised Kinaxis from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$201.00 to C$203.00 in a report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Kinaxis currently has an average rating of “Moderate Buy” and a consensus price target of C$228.38.

Kinaxis Stock Performance

The firm has a market cap of C$4.71 billion, a P/E ratio of 139.91, a P/E/G ratio of 3.60 and a beta of 0.81. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The business’s 50-day simple moving average is C$174.72 and its 200 day simple moving average is C$184.63.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%.The firm had revenue of C$187.41 million for the quarter. As a group, equities analysts predict that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Insider Activity

In other Kinaxis news, insider Kushan Krishna Surana sold 222 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the completion of the sale, the insider directly owned 19 shares in the company, valued at C$3,370.79. The trade was a 92.12% decrease in their position. 1.20% of the stock is currently owned by corporate insiders.

About Kinaxis

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.