Kinaxis (TSE:KXS) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Kinaxis Inc. (TSE:KXS) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

Analyst Ratings Changes

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

Kinaxis Stock Performance

The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. The stock’s 50 day simple moving average is C$154.49 and its two-hundred day simple moving average is C$145.13. The stock has a market cap of C$4.66 billion, a P/E ratio of 58.05, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73.

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

Insider Transactions at Kinaxis

In other Kinaxis news, Director Robert G. Courteau sold 5,010 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 32,945 shares in the company, valued at C$4,987,543.55. This represents a 13.20% decrease in their ownership of the stock. Also, insider Conrad John Mandala sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider owned 820 shares in the company, valued at C$121,442. This represents a 97.34% decrease in their position. Insiders have sold 35,934 shares of company stock valued at $5,328,181 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

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.