Kinaxis (TSE:KXS) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Kinaxis Inc. (TSE:KXS) 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

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

Kinaxis Trading Up 0.9%

The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14. The firm has a market cap of C$4.78 billion, a price-to-earnings ratio of 57.43, a PEG ratio of 3.60 and a beta of 0.58. The company has a 50-day moving average price of C$174.06 and a 200 day moving average price of C$157.51.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$1.71 EPS for the quarter. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%.The firm had revenue of C$225.60 million during the quarter. As a group, research analysts anticipate that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Insider Activity

In other Kinaxis news, insider Mark Justin Morgan sold 3,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of C$172.25, for a total value of C$516,750.00. Following the completion of the sale, the insider owned 10,299 shares in the company, valued at C$1,774,002.75. This represents a 22.56% decrease in their position. Also, Director Gillian H. (Jill) Denham sold 15,968 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of C$171.36, for a total transaction of C$2,736,276.48. Following the transaction, the director owned 18,732 shares in the company, valued at approximately C$3,209,915.52. This represents a 46.02% decrease in their ownership of the stock. Insiders sold a total of 33,730 shares of company stock valued at $5,877,368 in the last three months. 1.20% of the stock is currently owned by insiders.

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.