Kinaxis (TSE:KXS) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Kinaxis Inc. (TSE:KXS)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$160.94 and traded as high as C$171.55. Kinaxis shares last traded at C$171.22, with a volume of 142,812 shares.

Analyst Ratings Changes

KXS has been the topic of a number of research analyst reports. CIBC reduced their target price on Kinaxis from C$175.00 to C$170.00 in a research note on Friday, February 28th. 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 Friday, March 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$195.00.

Kinaxis Trading Up 6.7 %

The company has a quick ratio of 2.29, a current ratio of 1.89 and a debt-to-equity ratio of 12.12. The firm’s fifty day moving average is C$160.94 and its two-hundred day moving average is C$166.51. The firm has a market cap of C$3.44 billion, a P/E ratio of 169.93, a PEG ratio of 3.60 and a beta of 0.78.

Insider Activity

In related news, Senior Officer Andrew William Robert Bell sold 2,064 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of C$156.80, for a total value of C$323,627.77. Following the completion of the transaction, the insider now directly owns 831 shares in the company, valued at C$130,297.81. This trade represents a 71.30 % decrease in their position. Also, Senior Officer Christopher John Blaine Fitzgerald sold 2,177 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$156.26, for a total transaction of C$340,172.58. In the last 90 days, insiders have sold 4,924 shares of company stock valued at $770,090. Corporate insiders own 1.20% of the company’s stock.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.