Kinaxis (TSE:KXS) Stock Price Passes Above 50-Day Moving Average - What's Next?

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$162.62 and traded as high as C$183.04. Kinaxis shares last traded at C$182.50, with a volume of 43,100 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. CIBC cut their price objective on shares of Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. Royal Bank of Canada set a C$210.00 price target on Kinaxis and gave the stock an "outperform" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$195.00.

Kinaxis Price Performance

The company has a debt-to-equity ratio of 12.12, a current ratio of 1.89 and a quick ratio of 2.29. The stock's fifty day moving average is C$163.82 and its 200-day moving average is C$168.12. The stock has a market capitalization of C$3.75 billion, a PE ratio of 185.19, a P/E/G ratio of 3.60 and a beta of 0.78.

Insider Transactions at Kinaxis

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of Kinaxis stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total value of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of C$155.62, for a total transaction of C$106,289.69. Following the completion of the sale, the insider now directly owns 831 shares of the company's stock, valued at approximately C$129,321.72. The trade was a 45.11 % decrease in their position. Insiders have sold a total of 4,924 shares of company stock valued at $770,090 in the last ninety days. 1.20% of the stock is currently owned by corporate 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.