Kinaxis (OTCMKTS:KXSCF) Sees Large Volume Increase – Still a Buy?

Kinaxis Inc. (OTCMKTS:KXSCF) shares saw unusually-strong trading volume on Friday . Approximately 15,021 shares changed hands during trading, an increase of 73% from the previous session’s volume of 8,688 shares.The stock last traded at $92.2420 and had previously closed at $89.7160.

Analysts Set New Price Targets

A number of research analysts have commented on KXSCF shares. Canadian Imperial Bank of Commerce upgraded Kinaxis from a “neutral” rating to an “outperform” rating in a research note on Sunday, December 14th. Scotiabank reiterated an “outperform” rating on shares of Kinaxis in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Kinaxis has an average rating of “Buy”.

Kinaxis Trading Up 3.8%

The business has a 50-day simple moving average of $118.95 and a two-hundred day simple moving average of $128.26.

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.