Kinaxis (OTCMKTS:KXSCF) Shares Gap Up - Here's Why

Key Points

• Shares gapped up — Kinaxis opened at $103.65 after closing at $97.00 and last traded around $101.78 on very light volume (110 shares).
• Analyst sentiment — Scotiabank reaffirmed an "outperform" rating; three analysts rate the stock a Buy, giving an average MarketBeat rating of "Buy".
• Technical picture — The stock is above its 50‑day SMA ($96.50) but remains below its 200‑day SMA ($114.27), indicating short‑term strength but underlying longer‑term weakness.

Kinaxis Inc. (OTCMKTS:KXSCF - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $97.00, but opened at $103.65. Kinaxis shares last traded at $101.7837, with a volume of 110 shares.

Analyst Ratings Changes

Separately, Scotiabank reaffirmed an "outperform" rating on shares of Kinaxis in a research note on Wednesday, February 4th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy".

Kinaxis Stock Up 0.0%

The stock's 50 day simple moving average is $96.50 and its two-hundred day simple moving average is $114.27.

About Kinaxis

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.

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