kneat.com (TSE:KSI) Reaches New 52-Week High – Time to Buy?

Shares of kneat.com, inc. (TSE:KSI) reached a new 52-week high during trading on Monday . The stock traded as high as C$6.50 and last traded at C$6.47, with a volume of 84782 shares changing hands. The stock had previously closed at C$6.46.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KSI shares. ATB Cormark Capital Markets lifted their price objective on shares of kneat.com from C$6.00 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. TD lowered kneat.com from a “buy” rating to a “sell” rating and lifted their price target for the company from C$6.00 to C$6.50 in a research note on Tuesday, June 9th. Stifel Nicolaus cut kneat.com from a “buy” rating to a “hold” rating and upped their price target for the stock from C$5.75 to C$6.50 in a report on Wednesday, June 10th. Finally, TD Securities downgraded kneat.com from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, kneat.com currently has an average rating of “Hold” and a consensus price target of C$6.30.

kneat.com Stock Performance

The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 42.42. The company has a market cap of C$621.01 million, a PE ratio of -80.75, a price-to-earnings-growth ratio of 597.67 and a beta of 1.18. The firm’s fifty day moving average is C$5.36 and its 200 day moving average is C$4.63.

kneat.com (TSE:KSI) last announced its earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. The company had revenue of C$18.00 million during the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. As a group, research analysts predict that kneat.com, inc. will post -0.12 EPS for the current fiscal year.

kneat.com Company Profile

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.