kneat.com (TSE:KSI) Sets New 1-Year High - Should You Buy?

Key Points

• kneat.com shares reached a new 52-week high of C$6.50, with the stock trading near its 50-day moving average and well above its 200-day average.
• Analyst sentiment is mixed: two analysts rate the stock Buy, one Hold and two Sell. The consensus rating is Hold, with a target price of C$6.30.
• The company remains unprofitable, reporting a quarterly loss of C$0.04 per share, a negative 12.69% net margin and negative 12.95% return on equity; analysts expect a full-year loss of C$0.12 per share.

kneat.com, inc. (TSE:KSI - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The stock traded as high as C$6.50 and last traded at C$6.50, with a volume of 103116 shares trading hands. The stock had previously closed at C$6.50.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KSI. Stifel Nicolaus lowered kneat.com from a "buy" rating to a "hold" rating and increased their target price for the stock from C$5.75 to C$6.50 in a research note on Wednesday, June 10th. TD Securities downgraded kneat.com from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, June 9th. TD lowered kneat.com from a "buy" rating to a "sell" rating and upped their price objective for the company from C$6.00 to C$6.50 in a report on Tuesday, June 9th. Finally, ATB Cormark Capital Markets increased their price objective on 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 analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$6.30.

kneat.com Stock Performance

The stock has a 50 day simple moving average of C$6.42 and a 200 day simple moving average of C$5.03. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 42.42. The stock 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.

kneat.com (TSE:KSI - Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share for the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. The company had revenue of C$18.00 million for the quarter. On average, equities analysts expect that kneat.com, inc. will post -0.12 earnings per share for the current year.

kneat.com Company Profile

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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