Kinaxis (OTCMKTS:KXSCF) Shares Gap Up – What’s Next?

Kinaxis Inc. (OTCMKTS:KXSCF)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $115.51, but opened at $121.9540. Kinaxis shares last traded at $121.9540, with a volume of 21 shares.

Wall Street Analyst Weigh In

KXSCF has been the subject of a number of recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Kinaxis in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Scotiabank reissued an “outperform” rating on shares of Kinaxis in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Kinaxis has an average rating of “Buy”.

Kinaxis Stock Up 4.2%

The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.29 billion and a price-to-earnings ratio of 70.00. The stock has a 50 day moving average of $104.50 and a 200 day moving average of $109.10.

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. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.