Kinaxis (OTCMKTS:KXSCF) Shares Gap Up – Should You Buy?

Shares of Kinaxis Inc. (OTCMKTS:KXSCF) gapped up before the market opened on Thursday . The stock had previously closed at $97.00, but opened at $104.50. Kinaxis shares last traded at $102.41, with a volume of 182 shares traded.

Wall Street Analysts Forecast Growth

KXSCF has been the subject of a number of analyst reports. Scotiabank reiterated an “outperform” rating on shares of Kinaxis in a research report on Wednesday, February 4th. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “neutral” rating to an “outperform” rating in a research report on Sunday, December 14th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Kinaxis Stock Performance

The business’s 50 day simple moving average is $106.37 and its two-hundred day simple moving average is $121.43.

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. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.