Kornit Digital Ltd [KRNT] stock is trading at $29.40, up 21.34%. 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 24.42% over the last week, with a monthly amount glided 20.94%, 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.
Kornit Digital Ltd [KRNT] stock has fluctuated between $13.59 and $26.64 over the past year. Currently, Wall Street analysts expect the stock to reach $41 within the next 12 months. Kornit Digital Ltd [NASDAQ: KRNT] shares were valued at $29.40 at the most recent close of the market. An investor can expect a potential return of 39.46% based on the average KRNT price forecast.
Analyzing the KRNT fundamentals
Kornit Digital Ltd [NASDAQ:KRNT] reported sales of 196.77M for the trailing twelve months, which represents a drop of -7.44%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
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 27.66 points at the first support level, and at 25.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.51, and for the 2nd resistance point, it is at 31.63.
Ratios To Look Out For
For context, Kornit Digital Ltd’s Current Ratio is 13.84. In addition, the Quick Ratio stands at 12.22 and the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 7.13, the price to book ratio is 1.79.
