kneat.com (TSE:KSI) Hits New 1-Year High – Time to Buy?

kneat.com, inc. (TSE:KSI)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$6.50 and last traded at C$6.50, with a volume of 83729 shares traded. The stock had previously closed at C$6.47.

Analysts Set New Price Targets

Several research firms have recently commented on KSI. TD Securities lowered shares of kneat.com from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, June 9th. TD downgraded shares of kneat.com from a “buy” rating to a “sell” rating and raised their price objective for the stock from C$6.00 to C$6.50 in a report on Tuesday, June 9th. Stifel Nicolaus lowered shares of kneat.com from a “buy” rating to a “hold” rating and boosted their target price for the company from C$5.75 to C$6.50 in a research report on Wednesday, June 10th. Finally, ATB Cormark Capital Markets upped their target price 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. Two 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$6.30.

kneat.com Stock Performance

The business has a 50-day simple moving average of C$6.10 and a 200 day simple moving average of C$4.87. The company has a debt-to-equity ratio of 42.42, a current ratio of 1.41 and a quick ratio of 1.50. The firm has a market cap of C$627.72 million, a PE ratio of -81.25, a PEG ratio of 597.67 and a beta of 1.12.

kneat.com (TSE:KSI) last posted its quarterly earnings data 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 net margin of 12.69% and a negative return on equity of 12.95%. Equities research analysts forecast that kneat.com, inc. will post -0.12 EPS for the current 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.