Kainos Group (LON:KNOS) Stock Price Up 20.6% - Should You Buy?

Key Points

• Kainos Group's stock price surged by 20.6% to GBX 852.50 ($11.51) on strong trading volume of approximately 3.1 million shares, significantly exceeding the average daily volume.
• Research analysts have a generally positive outlook on the stock, with Canaccord Genuity and Shore Capital both reissuing "buy" ratings and setting price targets of GBX 1,000 and GBX 1,070 respectively.
• The company operates in the digital technology sector, providing services to various industries, including public, commercial, and healthcare, and has a market capitalization of £1.02 billion.

Kainos Group plc (LON:KNOS - Get Free Report) shares rose 20.6% during trading on Monday . The company traded as high as GBX 858.50 ($11.59) and last traded at GBX 852.50 ($11.51). Approximately 3,115,094 shares were traded during mid-day trading, an increase of 722% from the average daily volume of 379,143 shares. The stock had previously closed at GBX 707 ($9.55).

Wall Street Analyst Weigh In

KNOS has been the topic of a number of research reports. Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 1,000 price objective on shares of Kainos Group in a research note on Monday. Shore Capital reissued a "buy" rating and issued a GBX 1,070 price objective on shares of Kainos Group in a research note on Monday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of GBX 1,070.

Kainos Group Stock Up 20.6%

The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The firm has a market capitalization of £1.02 billion, a price-to-earnings ratio of 3,023.05, a PEG ratio of 2.15 and a beta of 0.79. The stock has a fifty day moving average of GBX 719.04 and a 200-day moving average of GBX 719.97.

Kainos Group Company Profile

Kainos Group plc engages in the provision of digital technology services in the United Kingdom, Ireland, North America, Central Europe, and internationally. It operates through three segments: Digital Services, Workday Services, and Workday Products. The Digital Services segment develops and supports custom digital service platforms for transforming service delivery in public, commercial, and healthcare sectors.

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