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

kneat.com, inc. (TSE:KSI) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$6.50 and last traded at C$6.50, with a volume of 103116 shares traded. The stock had previously closed at C$6.50.

Wall Street Analysts Forecast Growth

KSI has been the topic of a number of recent analyst reports. Stifel Nicolaus cut shares of kneat.com from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$5.75 to C$6.50 in a research note on Wednesday, June 10th. ATB Cormark Capital Markets upped their target price on 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. TD downgraded kneat.com from a “buy” rating to a “sell” rating and raised their target price for the company from C$6.00 to C$6.50 in a report on Tuesday, June 9th. Finally, TD Securities lowered kneat.com from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Two equities 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. According to data from MarketBeat, kneat.com presently has a consensus rating of “Hold” and an average price target of C$6.30.

kneat.com Price Performance

The firm has a market cap of C$627.72 million, a P/E ratio of -81.25, a price-to-earnings-growth ratio of 597.67 and a beta of 1.11. 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 business has a 50-day moving average of C$6.42 and a two-hundred day moving average of C$5.03.

kneat.com (TSE:KSI) last posted its earnings results on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. kneat.com had a negative net margin of 12.69% and a negative return on equity of 12.95%. The firm had revenue of C$18.00 million during the quarter. On average, sell-side analysts anticipate that kneat.com, inc. will post -0.12 earnings per share 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.