Kinaxis (TSE:KXS) Reaches New 12-Month Low – Here’s What Happened

Kinaxis Inc. (TSE:KXS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$147.93 and last traded at C$148.80, with a volume of 74801 shares trading hands. The stock had previously closed at C$155.38.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KXS. CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating and raised their price objective for the company from C$201.00 to C$203.00 in a research note on Monday, December 15th. National Bankshares set a C$240.00 price target on shares of Kinaxis and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Cibc Captl Mkts upgraded Kinaxis from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Royal Bank Of Canada set a C$235.00 price objective on Kinaxis and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, TD Securities upgraded Kinaxis to a “strong-buy” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$228.38.

Kinaxis Price Performance

The business has a 50 day moving average price of C$173.46 and a two-hundred day moving average price of C$183.42. The stock has a market cap of C$4.19 billion, a PE ratio of 124.29, a P/E/G ratio of 3.60 and a beta of 0.81. The company has a debt-to-equity ratio of 12.12, a quick ratio of 2.29 and a current ratio of 1.89.

Kinaxis (TSE:KXS) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 EPS for the quarter. Kinaxis had a return on equity of 4.69% and a net margin of 4.33%.The company had revenue of C$187.41 million during the quarter. Research analysts expect that Kinaxis Inc. will post 4.2526231 earnings per share for the current fiscal year.

Insider Activity at Kinaxis

In other news, insider Kushan Krishna Surana sold 222 shares of Kinaxis stock in a transaction on Monday, November 10th. The stock was sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the sale, the insider directly owned 19 shares in the company, valued at C$3,370.79. The trade was a 92.12% decrease in their position. 1.20% of the stock is owned by insiders.

Kinaxis Company Profile

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.