KINAXIS (KXS) Stocks
📊 Kinaxis Inc. is a software company. It offers cloud-based subscription software and analytics throughout Canada, the United States, Asia and Europe.
📊 Its portfolio provides numerous products and services such as order fulfilment, inventory management, supply and capacity planning, master scheduling, sales and operations planning, maintenance and support services, as well as implementation, technical and training services.
📊 These products and services are offered to aerospace and defence, high-tech electronics, life science, consumer products, automotive, pharmaceutical and industrial industries.
📊 Kinaxis Inc. employs approximately 600 people and is headquartered in Ottawa, Ontario, Canada.
OVERVIEW OF KINAXIS
The company is founded as Cadence Computer Corporation in 1984. It initially focuses on providing supply-chain analysis using custom mainframe computers. The company is later named after the Carp River to Carp Systems International. It is later renamed Enterprise Planning Systems. During the mid-1990’s the company is renamed webPLAN Inc. and turns its focus from hardware manufacturing to providing software.
In 2000 the company enters a venture round that raises $ 33 million. It changes its name from webPLAN Inc. to Kinaxis Inc.
The company starts to focus on selling subscription-based software instead of a one-time fee collection.
Kinaxis Inc. Has its initial public offering on the Toronto Stock Exchange in June 2014. It raises a total of $ 100 million.
During the next few years Kinaxis Inc. buys businesses and expands its portfolio and geographical range. In August 2017 its market capitalization increases to $ 1.7 billion.
VISION & VALUES OF KINAXIS
Kinaxis Inc. values its customers, employees, communities and shareholders. Its vision is to offer innovative, accurate and quality services and products to its customers, as well as superior returns and long-term value to its shareholders.
Kinaxis Inc. creates opportunities to accelerate growth and performance, and to continuously improve itself.
Kinaxis Inc. is committed to contributing to its communities and operates sustainably. It aims to be a responsible corporate leader. Its Corporate Social Responsibility program goes hand in hand with its values.
The company acts with integrity, trust, ethical standards and honesty.
MARKET PERFORMANCE OF KINAXIS
Kinaxis Inc. trades on the Toronto Stock Exchange under the TSX stock symbol KXS. Potential investors can buy affordably priced shares today.
Data analysis for the company’s financial results for the third quarter ending September 30, 2019 reports total assets of $ 304.5 million.
Cash and cash equivalents are $ 172.0 million. The company’s revenue for the reported period is $ 47.1 million and cost of revenue is $ 13.8 million. Gross profit is $ 33.3 million.
Operating expenses are $ 27.8 million. Basic and diluted earnings are both $ 0.17 per share.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy KINAXIS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN KINAXIS STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE KINAXIS STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of KINAXIS stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy KINAXIS stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?