kneat.com (TSE:KSI) Stock Price Down 0.7% - Here's Why

Key Points

• Shares fell 0.7% to C$4.37 on Tuesday (intraday low C$4.32) with 100,225 shares traded, about 41% below average session volume.
• Analysts remain broadly positive: Raymond James cut its target to C$5.50 but kept an "outperform" rating, TD Securities upgraded to "strong-buy," and the consensus rating is "Buy" with a consensus price target of C$6.00.
• The company reported C($0.03) EPS on C$17.0M revenue and shows a negative net margin (−3.71%) and negative PE, indicating it is currently unprofitable despite a market cap of ~C$420M.

kneat.com, inc. (TSE:KSI - Get Free Report) shares traded down 0.7% on Tuesday . The stock traded as low as C$4.32 and last traded at C$4.37. 100,225 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 168,682 shares. The stock had previously closed at C$4.40.

Analysts Set New Price Targets

Several research firms recently weighed in on KSI. Raymond James Financial cut their price target on shares of kneat.com from C$7.00 to C$5.50 and set an "outperform" rating on the stock in a report on Thursday, February 26th. TD Securities upgraded shares of kneat.com to a "strong-buy" rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$6.00.

kneat.com Trading Down 0.7%

The company has a debt-to-equity ratio of 53.89, a current ratio of 1.82 and a quick ratio of 1.50. The stock has a market capitalization of C$420.10 million, a PE ratio of -218.50, a PEG ratio of 597.67 and a beta of 0.85. The stock's 50 day simple moving average is C$3.85 and its two-hundred day simple moving average is C$4.44.

kneat.com (TSE:KSI - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$17.00 million during the quarter. kneat.com had a negative net margin of 3.71% and a negative return on equity of 3.55%. On average, sell-side analysts expect that kneat.com, inc. will post -0.12 EPS for the current 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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