Kornit Digital Ltd [KRNT] stock is trading at $18.23, down -0.98%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KRNT shares have gain 5.80% over the last week, with a monthly amount glided 2.42%, and seem to be holding up well over a long-time horizon.
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On 14, February 2024, Kornit Digital Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Fourth quarter revenues of $56.6 million, in line with previous guidance.
From an analyst’s perspective:
Kornit Digital Ltd [NASDAQ: KRNT] stock has seen the most recent analyst activity on November 09, 2023, when Craig Hallum upgraded its rating to a Buy but kept the price target unchanged to $23 for it. Previously, Morgan Stanley upgraded its rating to Overweight on August 10, 2023, and kept the price target unchanged to $29. On February 16, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $28 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $27 on January 18, 2023. Stifel downgraded its rating to a Hold and reduced its price target to $50 on July 06, 2022. Craig Hallum downgraded its rating to Hold for this stock on July 06, 2022, and downed its price target to $26. In a note dated December 23, 2021, Needham reiterated an Buy rating on this stock but restated the target price of $202.
Kornit Digital Ltd [KRNT] stock has fluctuated between $13.29 and $31.94 over the past year. Currently, Wall Street analysts expect the stock to reach $42.67 within the next 12 months. Kornit Digital Ltd [NASDAQ: KRNT] shares were valued at $18.23 at the most recent close of the market. An investor can expect a potential return of 134.06% based on the average KRNT price forecast.
Analyzing the KRNT fundamentals
Kornit Digital Ltd [NASDAQ:KRNT] reported sales of 213.13M for the trailing twelve months, which represents a drop of -3.93%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at -0.31%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.08 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.86 points at the first support level, and at 17.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.50, and for the 2nd resistance point, it is at 18.77.
Kornit Digital Ltd [KRNT] reported earnings per share of $0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of $0.09 and a surprise factor of 900.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.07 per share as compared to estimates of -$0.08 per share, a difference of $0.01 representing a surprise of 12.50%.
Ratios To Look Out For
For context, Kornit Digital Ltd’s Current Ratio is 10.58. In addition, the Quick Ratio stands at 9.21 and the Cash Ratio stands at 0.8. Considering the valuation of this stock, the price to sales ratio is 4.28, the price to book ratio is 1.11.
