Kinaxis (TSE:KXS) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Kinaxis Inc. (TSE:KXS) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$172.15 and traded as high as C$173.76. Kinaxis shares last traded at C$173.14, with a volume of 15,625 shares trading hands.

Analysts Set New Price Targets

KXS has been the subject of several research reports. ATB Capital lifted their price objective on Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Securities cut their price target on Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$192.67.

Kinaxis Price Performance

The company has a debt-to-equity ratio of 12.40, a current ratio of 1.90 and a quick ratio of 2.29. The firm has a market capitalization of C$4.89 billion, a PE ratio of 173.19, a P/E/G ratio of 3.60 and a beta of 0.78. The company has a 50-day moving average price of C$172.51 and a 200-day moving average price of C$161.68.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, October 30th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04. The company had revenue of C$165.79 million for the quarter, compared to analyst estimates of C$170.56 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. Sell-side analysts forecast that Kinaxis Inc. will post 4.2526231 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Andrew William Robert Bell sold 600 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$177.14, for a total value of C$106,281.00. Following the completion of the sale, the insider now directly owns 831 shares in the company, valued at approximately C$147,199.19. The trade was a 41.93 % decrease in their ownership of the stock. Also, Senior Officer David Peter Kelly sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of C$162.21, for a total transaction of C$243,319.95. Over the last 90 days, insiders have sold 55,200 shares of company stock worth $9,478,652. 1.20% of the stock is owned by insiders.

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.