Kinaxis (TSE:KXS) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Kinaxis Inc. (TSE:KXS)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$153.96 and traded as high as C$157.39. Kinaxis shares last traded at C$157.27, with a volume of 72,658 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KXS shares. Royal Bank Of Canada raised their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Stifel Nicolaus dropped their target price on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. National Bank Financial set a C$200.00 target price on Kinaxis and gave the stock an “outperform” rating in a research report on Monday, July 20th. Canadian Imperial Bank of Commerce raised their price target on Kinaxis from C$173.00 to C$205.00 in a research note on Friday, June 5th. Finally, BMO Capital Markets lifted their price target on Kinaxis from C$180.00 to C$185.00 in a report on Friday, May 8th. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$200.00.

Kinaxis Stock Performance

The company has a quick ratio of 2.29, a current ratio of 1.72 and a debt-to-equity ratio of 12.15. The company has a market cap of C$4.30 billion, a PE ratio of 53.49, a P/E/G ratio of 3.60 and a beta of 0.73. The stock’s 50 day simple moving average is C$153.96 and its two-hundred day simple moving average is C$145.16.

Kinaxis (TSE:KXS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 earnings per share for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The company had revenue of C$230.19 million for the quarter. As a group, research analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Insider Buying and Selling at Kinaxis

In related news, Director Robert G. Courteau sold 5,010 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$151.39, for a total value of C$758,463.90. Following the transaction, the director directly owned 32,945 shares of the company’s stock, valued at approximately C$4,987,543.55. This trade represents a 13.20% decrease in their position. Also, insider Conrad John Mandala sold 30,000 shares of Kinaxis stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the completion of the transaction, the insider owned 820 shares in the company, valued at C$121,442. The trade was a 97.34% decrease in their position. Insiders sold a total of 35,934 shares of company stock worth $5,328,181 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

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.