While Kornit Digital Ltd has overperformed by 2.29%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KRNT fell by -1.98%, with highs and lows ranging from $31.94 to $13.29, whereas the simple moving average fell by -14.15% in the last 200 days.
On November 09, 2023, Craig Hallum Upgraded Kornit Digital Ltd (NASDAQ: KRNT) to Buy. A report published by Morgan Stanley on August 10, 2023, Upgraded its rating to ‘Overweight’ for KRNT. Barclays also Downgraded KRNT shares as ‘Equal Weight’, setting a target price of $28 on the company’s shares in a report dated February 16, 2023. Morgan Stanley Initiated an Equal-Weight rating on January 18, 2023, and assigned a price target of $27. Stifel July 06, 2022d its ‘Buy’ rating to ‘Hold’ for KRNT, as published in its report on July 06, 2022. Craig Hallum’s report from July 06, 2022 suggests a price prediction of $26 for KRNT shares, giving the stock a ‘Hold’ rating. Needham also rated the stock as ‘Buy’.
Analysis of Kornit Digital Ltd (KRNT)
Further, the quarter-over-quarter decrease in sales is -3.93%, showing a negative trend in the upcoming months.
One of the most important indicators of Kornit Digital Ltd’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -7.73% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 9.21, 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.
For any stock, average volume can also provide valuable insight into volatility, and KRNT is recording 545.62K average volume. On a monthly basis, the volatility of the stock is set at 3.88%, whereas on a weekly basis, it is put at 4.12%, with a loss of -0.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.20, showing growth from the present price of $17.85, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 94.45% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KRNT shares are owned by institutional investors to the tune of 94.45% at present.
