Kinaxis (TSE:KXS) Shares Cross Above 50 Day Moving Average – Here’s Why

Kinaxis Inc. (TSE:KXS)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$165.92 and traded as high as C$168.35. Kinaxis shares last traded at C$164.71, with a volume of 166,215 shares traded.

Analysts Set New Price Targets

Several brokerages have commented on KXS. Royal Bank Of Canada set a C$210.00 price objective on shares of Kinaxis and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Canadian Imperial Bank of Commerce lifted their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. BMO Capital Markets boosted their price target on Kinaxis from C$195.00 to C$200.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, National Bank Financial upped their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kinaxis presently has a consensus rating of “Buy” and an average target price of C$203.12.

Kinaxis Stock Down 0.7%

The firm’s fifty day moving average is C$165.92 and its 200-day moving average is C$151.71. The company has a market capitalization of C$4.48 billion, a P/E ratio of 53.83, a price-to-earnings-growth ratio of 3.60 and a beta of 0.71. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.08 EPS for the quarter. Kinaxis had a net margin of 14.40% and a return on equity of 20.88%. The business had revenue of C$230.64 million during the quarter. As a group, equities research analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Insider Activity at Kinaxis

In related news, insider Vasile Gelu Ticala sold 961 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$177.68, for a total transaction of C$170,750.48. Following the sale, the insider owned 596 shares in the company, valued at C$105,897.28. The trade was a 61.72% decrease in their position. Also, insider Andrew William Robert Bell sold 3,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of C$179.48, for a total value of C$538,440.00. Following the completion of the transaction, the insider directly owned 1,455 shares of the company’s stock, valued at approximately C$261,143.40. The trade was a 67.34% decrease in their position. Insiders have sold a total of 31,580 shares of company stock worth $5,492,647 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.