Kinaxis (TSE:KXS) Stock Price Passes Above 50-Day Moving Average - Here's Why

Key Points

• Kinaxis's share price crossed above its 50-day moving average, trading as high as C$141.68 and last at C$139.37 versus the 50‑day MA of C$136.11.
• Analysts have trimmed target prices recently, but the consensus remains a Moderate Buy with an average target of C$205.11 (six Buys, one Hold).
• Key fundamentals: market cap C$3.85 billion, P/E 56.89, and last quarter revenue C$189.95 million with EPS of C$0.93 and a net margin of 12.90%.

Kinaxis Inc. (TSE:KXS - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$136.11 and traded as high as C$141.68. Kinaxis shares last traded at C$139.37, with a volume of 91,932 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on KXS shares. Scotiabank decreased their target price on Kinaxis from C$240.00 to C$200.00 and set an "outperform" rating for the company in a research report on Wednesday, February 4th. BMO Capital Markets decreased their target price on Kinaxis from C$225.00 to C$180.00 in a research report on Monday, March 2nd. Canadian Imperial Bank of Commerce decreased their target price on Kinaxis from C$203.00 to C$171.00 in a research report on Friday, April 17th. TD Securities decreased their target price on Kinaxis from C$229.00 to C$200.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Finally, Royal Bank Of Canada decreased their target price on Kinaxis from C$235.00 to C$200.00 and set an "outperform" rating for the company in a research report on Monday, January 26th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Kinaxis currently has an average rating of "Moderate Buy" and an average target price of C$205.11.

Kinaxis Trading Down 0.3%

The firm has a fifty day moving average of C$136.11 and a two-hundred day moving average of C$156.38. The company has a market cap of C$3.85 billion, a PE ratio of 56.89, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. The company has a current ratio of 1.97, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39.

Kinaxis (TSE:KXS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.93 earnings per share for the quarter. Kinaxis had a return on equity of 16.46% and a net margin of 12.90%.The company had revenue of C$189.95 million during the quarter. As a group, sell-side analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current year.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm's flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis's S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.

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