Kinaxis (TSE:KXS) Share Price Breaks Below 50-Day Moving Average - Time to Sell?

Key Points

• Kinaxis shares fell below their 50-day moving average, reaching C$171.80 before closing at C$176.26, compared with the moving average of C$173.91.
• Despite the technical weakness, analysts remain positive: seven analysts rate the stock a Buy, with a consensus price target of C$203.12 versus the recent share price.
• Kinaxis reported quarterly EPS of C$1.71 on revenue of C$225.60 million, while insiders sold 33,730 shares worth approximately C$5.88 million during the last quarter.

Kinaxis Inc. (TSE:KXS - Get Free Report)'s share price passed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$173.91 and traded as low as C$171.80. Kinaxis shares last traded at C$176.26, with a volume of 75,250 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada set a C$210.00 target price on shares of Kinaxis and gave the stock an "outperform" rating in a research report on Wednesday, August 26th. National Bank Financial lifted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Finally, BMO Capital Markets lifted their price target on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kinaxis currently has a consensus rating of "Buy" and an average price target of C$203.12.

Kinaxis Price Performance

The firm has a market cap of C$4.79 billion, a PE ratio of 57.60, a PEG ratio of 3.60 and a beta of 0.71. The firm has a fifty day simple moving average of C$173.91 and a two-hundred day simple moving average of C$157.24. The company has a debt-to-equity ratio of 11.14, a quick ratio of 2.29 and a current ratio of 1.88.

Kinaxis (TSE:KXS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$1.71 earnings per share (EPS) for the quarter. The business had revenue of C$225.60 million for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. Equities analysts predict that Kinaxis Inc. will post 4.2526231 EPS for the current fiscal year.

Insider Activity at Kinaxis

In other Kinaxis news, insider David Peter Kelly sold 1,603 shares of Kinaxis stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total value of C$284,821.04. Following the completion of the transaction, the insider directly owned 358 shares of the company's stock, valued at C$63,609.44. This trade represents a 81.74% decrease in their position. Also, insider Vasile Gelu Ticala sold 961 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of C$177.68, for a total transaction of C$170,750.48. Following the completion of the sale, the insider owned 596 shares in the company, valued at approximately C$105,897.28. This trade represents a 61.72% decrease in their ownership of the stock. Insiders have sold 33,730 shares of company stock valued at $5,877,368 over the last quarter. 1.20% of the stock is currently owned by insiders.

Kinaxis Company Profile

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain - from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today's volatility and disruption.

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