Kinaxis (TSE:KXS) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Kinaxis Inc. (TSE:KXS) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$149.64 and traded as high as C$152.97. Kinaxis shares last traded at C$149.65, with a volume of 70,730 shares.

Wall Street Analysts Forecast Growth

KXS has been the topic of several research reports. TD Securities cut their price objective on Kinaxis from C$229.00 to C$200.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. National Bank Financial lowered their target price on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Royal Bank Of Canada lifted their price target on Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Canaccord Genuity Group reduced their price target on Kinaxis from C$225.00 to C$200.00 in a research note on Friday, March 6th. Finally, Stifel Nicolaus decreased their price objective on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$200.00.

Kinaxis Stock Up 3.4%

The stock’s 50 day simple moving average is C$149.82 and its two-hundred day simple moving average is C$148.45. The firm has a market cap of C$4.23 billion, a P/E ratio of 52.63, a P/E/G ratio of 3.60 and a beta of 0.72. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.45 EPS for the quarter. The firm had revenue of C$230.19 million for the quarter. Kinaxis had a return on equity of 19.72% and a net margin of 14.48%. As a group, research analysts forecast that Kinaxis Inc. will post 4.2526231 earnings per share for the current year.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, insider Conrad John Mandala sold 924 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$137.14, for a total value of C$126,717.36. Following the sale, the insider directly owned 820 shares of the company’s stock, valued at approximately C$112,454.80. The trade was a 52.98% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,010 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$151.39, for a total value of C$758,463.90. Following the completion of the sale, the director directly owned 32,945 shares in the company, valued at approximately C$4,987,543.55. This represents a 13.20% decrease in their ownership of the stock. Insiders sold 35,934 shares of company stock worth $5,328,181 over the last three months. Corporate insiders own 1.20% of the company’s stock.

About Kinaxis

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.