Kinaxis (TSE:KXS) Sets New 1-Year Low – Should You Sell?

Kinaxis Inc. (TSE:KXS)’s share price hit a new 52-week low during trading on Monday . The company traded as low as C$136.43 and last traded at C$136.62, with a volume of 19760 shares changing hands. The stock had previously closed at C$137.50.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KXS. TD Securities raised shares of Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. National Bankshares set a C$240.00 target price on shares of Kinaxis and gave the stock an “outperform” rating in a research note on Thursday, October 23rd. Royal Bank Of Canada dropped their price target on Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Monday, January 26th. Cibc Captl Mkts raised Kinaxis from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Finally, CIBC upgraded Kinaxis from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$201.00 to C$203.00 in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$224.00.

Kinaxis Trading Down 2.1%

The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The business has a 50 day moving average price of C$169.05 and a 200-day moving average price of C$180.38. The firm has a market capitalization of C$3.78 billion, a PE ratio of 112.21, a P/E/G ratio of 3.60 and a beta of 0.81.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.58 earnings per share for the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%.The firm had revenue of C$187.41 million for the quarter. Analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Insider Activity

In related news, insider Kushan Krishna Surana sold 222 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the sale, the insider owned 19 shares of the company’s stock, valued at approximately C$3,370.79. The trade was a 92.12% decrease in their ownership of the stock. 1.20% of the stock is owned by corporate insiders.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.