kneat.com (TSE:KSI) Reaches New 1-Year High - Still a Buy?

Key Points

• kneat.com shares reached a new 52-week high of C$6.50, up modestly from the previous close, with the stock trading above its 200-day moving average of C$4.97.
• Analyst sentiment is mixed: two analysts rate the stock Buy, one Hold, and two Sell. The consensus rating is Hold, with a C$6.30 price target, although ATB Cormark set a higher C$7.00 target.
• The company reported quarterly revenue of C$18.0 million and a loss of C$0.04 per share. Kneat.com continues to post negative profitability metrics, including a 12.69% net margin and analysts’ projected full-year loss of C$0.12 per share.

kneat.com, inc. (TSE:KSI - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$6.50 and last traded at C$6.50, with a volume of 24493 shares trading hands. The stock had previously closed at C$6.49.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. TD lowered kneat.com from a "buy" rating to a "sell" rating and raised their target price for the company from C$6.00 to C$6.50 in a research note on Tuesday, June 9th. TD Securities lowered shares of kneat.com from a "strong-buy" rating to a "strong sell" rating in a research report on Tuesday, June 9th. Stifel Nicolaus cut shares of kneat.com from a "buy" rating to a "hold" rating and increased their price target for the company from C$5.75 to C$6.50 in a research note on Wednesday, June 10th. Finally, ATB Cormark Capital Markets boosted their price objective on shares of kneat.com from C$6.00 to C$7.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$6.30.

kneat.com Stock Up 0.5%

The firm's 50 day moving average is C$6.33 and its two-hundred day moving average is C$4.97. The firm has a market cap of C$627.72 million, a P/E ratio of -81.25, a price-to-earnings-growth ratio of 597.67 and a beta of 1.11. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 42.42.

kneat.com (TSE:KSI - Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$18.00 million during the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. As a group, research analysts anticipate that kneat.com, inc. will post -0.12 EPS for the current fiscal year.

About kneat.com

Kneat Solutions provides leading companies in highly regulated industries with unparalleled efficiency in validation and compliance through its digital validation platform Kneat Gx. As an industry leader in customer satisfaction, Kneat boasts an excellent record for implementation, powered by our user-friendly design, expert support, and on-demand training academy. Kneat Gx is an industry-leading digital validation platform that enables highly regulated companies to manage any validation discipline from end-to-end.

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