kneat.com (TSE:KSI) Sets New 12-Month Low - Here's What Happened

Key Points

• kneat.com shares hit a new 52-week low, trading as low as C$3.39 (last C$3.38) and were down about 8% on volume of 38,794 shares.
• Analysts maintain a consensus Buy rating with an average target of C$6.00 despite recent cuts (Raymond James to C$5.50, Stifel to C$6.50) and a TD Securities strong-buy upgrade.
• The company reported weak quarterly results—C($0.03) EPS on C$17.0 million revenue, negative net margin and ROE—and analysts forecast roughly -0.12 EPS for the current fiscal year.

kneat.com, inc. (TSE:KSI - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as C$3.39 and last traded at C$3.38, with a volume of 38794 shares traded. The stock had previously closed at C$3.74.

Analysts Set New Price Targets

KSI has been the topic of several analyst reports. Raymond James Financial cut their target price on kneat.com from C$7.00 to C$5.50 and set an "outperform" rating on the stock in a research report on Thursday, February 26th. Stifel Nicolaus cut their target price on kneat.com from C$7.50 to C$6.50 and set a "buy" rating on the stock in a research note on Wednesday, November 26th. Finally, TD Securities upgraded kneat.com to a "strong-buy" rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, kneat.com has a consensus rating of "Buy" and an average target price of C$6.00.

kneat.com Trading Down 8.0%

The business has a 50 day simple moving average of C$4.25 and a two-hundred day simple moving average of C$4.82. The company has a current ratio of 1.82, a quick ratio of 1.50 and a debt-to-equity ratio of 53.89. The company has a market cap of C$329.51 million, a PE ratio of -172.00, a price-to-earnings-growth ratio of 597.67 and a beta of 0.66.

kneat.com (TSE:KSI - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported C($0.03) earnings per share for the quarter. kneat.com had a negative return on equity of 3.55% and a negative net margin of 3.71%.The business had revenue of C$17.00 million for the quarter. On average, analysts forecast that kneat.com, inc. will post -0.12 EPS for the current fiscal 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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