kneat.com (TSE:KSI) Reaches New 12-Month High – What’s Next?

kneat.com, inc. (TSE:KSI) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$6.50 and last traded at C$6.47, with a volume of 84782 shares. The stock had previously closed at C$6.46.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. ATB Cormark Capital Markets raised their price objective on kneat.com from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. TD cut kneat.com from a “buy” rating to a “sell” rating and upped their target price for the stock from C$6.00 to C$6.50 in a research report on Tuesday, June 9th. TD Securities downgraded kneat.com from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, June 9th. Finally, Stifel Nicolaus lowered shares of kneat.com from a “buy” rating to a “hold” rating and lifted their price target for the company from C$5.75 to C$6.50 in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$6.30.

kneat.com Price Performance

The company has a debt-to-equity ratio of 42.42, a current ratio of 1.41 and a quick ratio of 1.50. The business has a 50 day moving average price of C$5.44 and a 200 day moving average price of C$4.66. The firm has a market capitalization of C$620.05 million, a P/E ratio of -80.62, a price-to-earnings-growth ratio of 597.67 and a beta of 1.18.

kneat.com (TSE:KSI) last announced its earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$18.00 million for the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. On average, analysts predict 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.