Kinaxis (OTCMKTS:KXSCF) Shares Gap Up – Here’s What Happened

Kinaxis Inc. (OTCMKTS:KXSCF) shares gapped up before the market opened on Thursday . The stock had previously closed at $97.00, but opened at $104.50. Kinaxis shares last traded at $102.41, with a volume of 182 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of Kinaxis in a research note on Wednesday, February 4th. Canadian Imperial Bank of Commerce upgraded shares of Kinaxis from a “neutral” rating to an “outperform” rating in a research report on Sunday, December 14th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Kinaxis Stock Performance

The business has a 50 day simple moving average of $105.26 and a 200-day simple moving average of $120.98.

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.