kneat.com (TSE:KSI) Reaches New 1-Year High – What’s Next?

kneat.com, inc. (TSE:KSI)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$6.50 and last traded at C$6.50, with a volume of 83729 shares changing hands. The stock had previously closed at C$6.47.

Wall Street Analyst Weigh In

Several research firms have commented on KSI. TD cut shares of kneat.com from a “buy” rating to a “sell” rating and upped their target price for the stock from C$6.00 to C$6.50 in a research report on Tuesday, June 9th. ATB Cormark Capital Markets increased their price objective on kneat.com from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. TD Securities downgraded kneat.com from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Stifel Nicolaus lowered kneat.com from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$5.75 to C$6.50 in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$6.30.

kneat.com Price Performance

The business’s 50-day simple moving average is C$6.07 and its 200 day simple moving average is C$4.86. The company has a market capitalization of C$626.75 million, a P/E ratio of -81.12, a P/E/G ratio of 597.67 and a beta of 1.12. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 42.42.

kneat.com (TSE:KSI) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. The company had revenue of C$18.00 million during the quarter. As a group, sell-side analysts anticipate that kneat.com, inc. will post -0.12 EPS for the current year.

kneat.com Company Profile

Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end.