Kinaxis (TSE:KXS) Stock Crosses Above Fifty Day Moving Average - What's Next?

Shares of Kinaxis Inc. (TSE:KXS - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$165.90 and traded as high as C$188.47. Kinaxis shares last traded at C$188.04, with a volume of 41,445 shares trading hands.

Analyst Upgrades and Downgrades

KXS has been the topic of several research reports. ATB Capital lowered shares of Kinaxis from an "outperform" rating to a "sector perform" rating and set a C$210.00 price target on the stock. in a report on Friday. Stifel Nicolaus boosted their price target on shares of Kinaxis from C$195.00 to C$225.00 in a research note on Friday. Atb Cap Markets lowered shares of Kinaxis from a "strong-buy" rating to a "hold" rating in a research note on Thursday. CIBC cut their target price on shares of Kinaxis from C$175.00 to C$170.00 in a research report on Friday, February 28th. Finally, BMO Capital Markets boosted their price objective on shares of Kinaxis from C$190.00 to C$225.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$205.00.

Kinaxis Stock Up 0.3%

The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89. The firm has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 191.58, a PEG ratio of 3.60 and a beta of 0.78. The firm has a fifty day moving average price of C$168.50 and a 200 day moving average price of C$169.73.

Insider Activity

In related news, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of C$156.26, for a total transaction of C$340,172.58. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of C$155.62, for a total value 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 sold a total of 4,924 shares of company stock valued at $770,090 in the last 90 days. 1.20% of the stock is currently owned by 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.