Kinaxis (TSE:KXS) Share Price Passes Above Fifty Day Moving Average of $150.30

Kinaxis Inc. (TSE:KXS)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$150.30 and traded as high as C$157.93. Kinaxis shares last traded at C$157.76, with a volume of 76,577 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, CIBC lowered Kinaxis from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$180.00 to C$154.00 in a research report on Friday, June 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$196.56.

Kinaxis Trading Up 4.4 %

The firm has a 50-day moving average of C$150.30 and a 200-day moving average of C$151.98. The company has a debt-to-equity ratio of 11.91, a quick ratio of 2.29 and a current ratio of 2.53. The firm has a market capitalization of C$4.47 billion, a P/E ratio of 219.11, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77.

Kinaxis (TSE:KXS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.30 by C$0.06. The business had revenue of C$160.93 million for the quarter, compared to analyst estimates of C$158.33 million. Kinaxis had a return on equity of 3.42% and a net margin of 3.38%. On average, equities research analysts anticipate that Kinaxis Inc. will post 2.8913676 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer James Alexander Hollingworth sold 875 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$155.82, for a total transaction of C$136,345.74. Following the completion of the transaction, the insider now owns 745 shares of the company’s stock, valued at approximately C$116,088.66. In related news, Director J. Ian Giffen sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of C$145.75, for a total transaction of C$364,381.00. Also, Senior Officer James Alexander Hollingworth sold 875 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of C$155.82, for a total value of C$136,345.74. Following the transaction, the insider now directly owns 745 shares of the company’s stock, valued at approximately C$116,088.66. Insiders sold a total of 34,650 shares of company stock worth $5,253,452 in the last quarter. 1.22% of the stock is owned by company insiders.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.