ATB Cormark Capital Markets Issues Positive Forecast for kneat.com (TSE:KSI) Stock Price

kneat.com (TSE:KSI) had its price objective boosted by stock analysts at ATB Cormark Capital Markets from C$6.00 to C$7.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 51.19% from the company’s previous close.

KSI has been the topic of several other reports. Raymond James Financial reduced their price target on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating on the stock in a report on Thursday, February 26th. TD Securities upgraded kneat.com to a “strong-buy” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat.com, kneat.com currently has a consensus rating of “Buy” and an average target price of C$6.25.

kneat.com Trading Up 3.6%

KSI stock traded up C$0.16 during midday trading on Tuesday, reaching C$4.63. 62,034 shares of the company traded hands, compared to its average volume of 166,437. kneat.com has a 52-week low of C$3.23 and a 52-week high of C$6.94. The company has a debt-to-equity ratio of 53.89, a quick ratio of 1.50 and a current ratio of 1.82. The business has a 50 day moving average of C$3.87 and a 200-day moving average of C$4.42. The firm has a market capitalization of C$445.09 million, a price-to-earnings ratio of -231.50, a P/E/G ratio of 597.67 and a beta of 0.86.

kneat.com (TSE:KSI) last issued its quarterly earnings results on Thursday, February 26th. The company reported C($0.03) earnings per share for the quarter. kneat.com had a negative return on equity of 3.55% and a negative net margin of 3.71%.The business had revenue of C$17.00 million during the quarter. As a group, sell-side analysts expect that kneat.com will post -0.12 earnings per share for the current fiscal 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.