Kinaxis (OTCMKTS:KXSCF) Shares Gap Down - Time to Sell?

Key Points

• Kinaxis shares gapped down premarket, opening at $100.30 after a prior close of $107.42, with very light trading (only 100 shares reported at the last trade).
• Analysts remain positive—Scotiabank reiterated an "outperform" and three analysts rate the stock as a Buy, giving an average consensus of Buy.
• The stock carries a high valuation (P/E ~149) and is trading below its 200-day moving average ($113.21), indicating strong growth expectations but recent technical weakness.

Kinaxis Inc. (OTCMKTS:KXSCF - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $107.4233, but opened at $100.30. Kinaxis shares last traded at $100.30, with a volume of 100 shares trading hands.

Analyst Ratings Changes

Separately, Scotiabank restated an "outperform" rating on shares of Kinaxis in a research report on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy".

Kinaxis Price Performance

The stock has a market capitalization of $2.80 billion and a price-to-earnings ratio of 149.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.97 and a current ratio of 1.97. The company has a 50 day moving average of $98.86 and a 200 day moving average of $113.21.

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. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.