Kinaxis (TSE:KXS) Stock Price Crosses Above 50 Day Moving Average of $181.50

Kinaxis Inc. (TSE:KXS – Get Rating)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$181.50 and traded as high as C$185.10. Kinaxis shares last traded at C$184.65, with a volume of 61,045 shares trading hands.

Wall Street Analyst Weigh In

KXS has been the subject of several research analyst reports. ATB Capital lifted their target price on shares of Kinaxis from C$210.00 to C$220.00 in a research report on Friday, May 5th. TD Securities lifted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. Royal Bank of Canada lifted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, March 3rd. BMO Capital Markets lifted their price target on shares of Kinaxis from C$200.00 to C$205.00 in a research note on Friday, May 5th. Finally, Scotiabank lifted their price target on shares of Kinaxis from C$203.00 to C$225.00 in a research note on Friday, March 3rd.

Kinaxis Trading Up 1.0 %

The company has a market cap of C$5.22 billion, a P/E ratio of 450.37, a PEG ratio of 3.60 and a beta of 0.80. The stock’s 50 day moving average is C$181.50 and its 200-day moving average is C$163.33. The company has a current ratio of 2.43, a quick ratio of 2.29 and a debt-to-equity ratio of 12.86.

Kinaxis (TSE:KXS – Get Rating) last issued its earnings results on Wednesday, March 1st. The company reported C$0.83 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.34 by C$0.49. Kinaxis had a return on equity of 2.25% and a net margin of 2.36%. The business had revenue of C$133.71 million during the quarter, compared to analyst estimates of C$134.05 million. Research analysts anticipate that Kinaxis Inc. will post 1.733897 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John Ernest Sicard sold 6,705 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of C$169.47, for a total value of C$1,136,286.96. In other Kinaxis news, Senior Officer Paul Carreiro sold 2,500 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of C$172.08, for a total value of C$430,200.00. Also, Director John Ernest Sicard sold 6,705 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of C$169.47, for a total value of C$1,136,286.96. In the last ninety days, insiders sold 10,652 shares of company stock valued at $1,811,708. 0.11% of the stock is owned by corporate insiders.

About Kinaxis

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Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Japan, Hong Kong, The Netherlands, South Korea, the United Kingdom, Singapore, France, Ireland, Germany, India, and Canada. It offers Kinaxis, a cloud-based software-as-a-service platform, which provides advanced planning, sales and operations planning, supply and demand planning, inventory management, and command and control center services.