Kornit Digital Ltd (KRNT) stock analysis: A simple moving average approach

While Kornit Digital Ltd has underperformed by -0.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KRNT fell by -32.72%, with highs and lows ranging from $31.94 to $13.29, whereas the simple moving average fell by -22.91% in the last 200 days.

On November 09, 2023, Craig Hallum Upgraded Kornit Digital Ltd (NASDAQ: KRNT) to Buy.

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Analysis of Kornit Digital Ltd (KRNT)

Further, the quarter-over-quarter decrease in sales is -8.65%, showing a negative trend in the upcoming months.

Kornit Digital Ltd’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -8.95% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 8.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

The average volume for any stock is also a very valuable indicator of volatility, and KRNT has an average volume of 659.89K. On a monthly basis, the volatility of the stock is set at 3.90%, whereas on a weekly basis, it is put at 3.74%, with a gain of 2.89% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.00, showing growth from the present price of $16.35, which can serve as yet another indication of whether KRNT is worth investing in or should be passed over.

How Do You Analyze Kornit Digital Ltd Shares?

In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.96% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in KRNT shares?

The recent increase in stakes in KRNT appears to be a result of several institutional investors and hedge funds increasing their positions. Senvest Management LLC’s position in KRNT has decreased by -0.16% in the first quarter. The company now owns 4,371,160 shares of the stock, with a value of $83.75 million, following the sale of -6,943 additional shares during the last quarter. Artisan Partners LP made another decreased to its shares in KRNT during the first quarter, downing its stake by -3.60%. During the last quarter, the company picked up -160,372 additional shares for a total stake of worth $82.3 million, bringing number of shares owned by the company to 4,295,641.

During the first quarter, Morgan Stanley & Co. LLC added a 783,709 position in KRNT. Granahan Investment Management, L sold an additional -0.73 million shares in the last quarter, decreasing its holdings by -23.54%, now holding 2.39 million shares worth $45.72 million. At the end of the first quarter, Wasatch Advisors, Inc. increased its KRNT holdings by 3.87% and now holds 2.32 million KRNT shares valued at $44.41 million with the added 86333.0 shares during the period. KRNT shares are owned by institutional investors to the tune of 90.96% at present.

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