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

kneat.com, inc. (TSE:KSI)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$6.50 and last traded at C$6.50, with a volume of 66086 shares. The stock had previously closed at C$6.47.

Analysts Set New Price Targets

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

kneat.com Stock Down 0.2%

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 company has a market capitalization of C$623.86 million, a PE ratio of -80.75, a P/E/G ratio of 597.67 and a beta of 1.12. The business’s 50 day simple moving average is C$5.66 and its 200 day simple moving average is C$4.73.

kneat.com (TSE:KSI) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts anticipate that kneat.com, inc. will post -0.12 earnings per share 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.