kneat.com (TSE:KSI) Hits New 1-Year Low – What’s Next?

kneat.com, inc. (TSE:KSI) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$3.81 and last traded at C$3.83, with a volume of 82663 shares changing hands. The stock had previously closed at C$3.85.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Stifel Nicolaus cut their target price on kneat.com from C$7.50 to C$6.50 and set a “buy” rating for the company in a research note on Wednesday, November 26th. TD Securities raised kneat.com to a “strong-buy” rating in a research report on Wednesday, February 4th. Finally, Raymond James Financial reduced their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$6.00.

kneat.com Stock Down 0.8%

The business’s fifty day moving average is C$4.51 and its two-hundred day moving average is C$4.94. The stock has a market cap of C$364.18 million, a price-to-earnings ratio of -191.00, a PEG ratio of 597.67 and a beta of 0.91. The company has a quick ratio of 1.50, a current ratio of 1.82 and a debt-to-equity ratio of 53.89.

kneat.com (TSE:KSI) last issued its quarterly earnings results on Wednesday, February 25th. The company reported C($0.03) EPS for the quarter. The business had revenue of C$17.00 million during the quarter. kneat.com had a negative net margin of 3.71% and a negative return on equity of 3.55%. Equities analysts forecast that kneat.com, inc. will post -0.12 earnings per share for the current fiscal year.

About kneat.com

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.