Kinaxis (OTCMKTS:KXSCF) Reaches New 52-Week Low – What’s Next?

Kinaxis Inc. (OTCMKTS:KXSCF) hit a new 52-week low on Wednesday . The company traded as low as $89.6005 and last traded at $89.6005, with a volume of 19492 shares trading hands. The stock had previously closed at $98.13.

Wall Street Analysts Forecast Growth

Separately, CIBC raised shares of Kinaxis from a “neutral” rating to an “outperform” rating in a report on Sunday, December 14th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Kinaxis Stock Performance

The company has a 50 day simple moving average of $121.11 and a 200 day simple moving average of $129.33.

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.