kneat.com (TSE:KSI) Stock Price Up 18.6% – Should You Buy?

kneat.com, inc. (TSE:KSI)’s stock price rose 18.6% during mid-day trading on Monday . The company traded as high as C$6.43 and last traded at C$6.43. Approximately 3,722,133 shares changed hands during trading, an increase of 1,775% from the average daily volume of 198,557 shares. The stock had previously closed at C$5.42.

Analyst Upgrades and Downgrades

KSI has been the subject of a number of research analyst reports. ATB Cormark Capital Markets boosted their price objective on kneat.com from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Raymond James Financial reduced their price objective on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating for the company in a report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, kneat.com currently has an average rating of “Buy” and a consensus target price of C$6.25.

kneat.com Trading Up 18.6%

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 business’s 50-day moving average price is C$4.52 and its two-hundred day moving average price is C$4.41. The company has a market capitalization of C$618.13 million, a price-to-earnings ratio of -80.38, a P/E/G ratio of 597.67 and a beta of 1.18.

kneat.com (TSE:KSI) last released its quarterly earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share for the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. The business had revenue of C$18.00 million during the quarter. Research 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.