At the time of writing, Kornit Digital Ltd [KRNT] stock is trading at $24.87, up 0.53%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KRNT shares have gain 4.28% over the last week, with a monthly amount glided 27.54%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Kornit Digital Ltd fluctuated between $13.29 and $24.88. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Kornit Digital Ltd [NASDAQ: KRNT] shares were valued at $24.87 at the most recent close of the market. An investor can expect a potential return of 64.86% based on the average KRNT price forecast.
Analyzing the KRNT fundamentals
According to Kornit Digital Ltd [NASDAQ:KRNT], the company’s sales were 196.77M for trailing twelve months, which represents an -7.44% plunge. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.26%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.24%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.06 and Total Capital is -0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 24.37 points at the first support level, and at 23.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 25.12, and for the 2nd resistance point, it is at 25.37.
Ratios To Look Out For
It is important to note that Kornit Digital Ltd [NASDAQ:KRNT] has a current ratio of 13.84. Further, the Quick Ratio stands at 12.22, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 6.03, the price to book ratio is 1.51.
