kneat.com (TSE:KSI) Hits New 52-Week High – Should You Buy?

kneat.com, inc. (TSE:KSI)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$6.44 and last traded at C$6.44, with a volume of 22521 shares trading hands. The stock had previously closed at C$6.43.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KSI shares. ATB Cormark Capital Markets lifted their price target on kneat.com from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Raymond James Financial lowered their price target on kneat.com from C$7.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. TD Securities lowered kneat.com from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, June 9th. TD cut kneat.com from a “buy” rating to a “sell” rating and boosted their price objective for the company from C$6.00 to C$6.50 in a research report on Tuesday, June 9th. Finally, Stifel Nicolaus downgraded kneat.com from a “buy” rating to a “hold” rating and upped their target price for the stock from C$5.75 to C$6.50 in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$6.30.

kneat.com Stock Performance

The company’s 50-day moving average price is C$5.05 and its 200-day moving average price is C$4.55. The firm has a market cap of C$619.09 million, a price-to-earnings ratio of -80.50, a price-to-earnings-growth ratio of 597.67 and a beta of 1.18. The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 42.42.

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

About kneat.com

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.