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

Key Points

• Premarket gap up: Kinaxis shares jumped from a prior close of $100.9930 to open at $109.16 premarket, with just 100 shares reported traded at that price.
• Analyst sentiment is positive: Scotiabank restated an "outperform" rating and three analysts in total rate the stock as a Buy, giving the stock an average rating of "Buy."
• Valuation and technicals: The 50-day/200-day SMAs are ~$99.98 and $111.91 respectively; market cap is $2.95B with a high P/E of 156.71, solid liquidity (quick/current ratio 1.97) and low debt-to-equity (0.10).

Kinaxis Inc. (OTCMKTS:KXSCF - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $100.9930, but opened at $109.16. Kinaxis shares last traded at $109.16, with a volume of 100 shares.

Wall Street Analysts Forecast Growth

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

Kinaxis Stock Performance

The stock's fifty day simple moving average is $99.98 and its 200-day simple moving average is $111.91. The company has a market capitalization of $2.95 billion and a PE ratio of 156.71. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.10.

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.

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.