KRNT stock: buy or sell?

KRNT stock price: $28.15 1.19% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

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Shares of Kornit Digital stepped up a nice 1.19% and closed at $28.15.

Kornit Digital Ltd. designs, develops, and markets digital printing solutions for printed textile industry. It offers direct-to-garment printers from smaller commercial operators to mass producers; NeoPigment ink and other consumables; Vulcan, a digital substitution for carousel screen printing; Allegro roll to roll printers; QuickP Designer software; and value added services, such as maintenance and support, and professional services.

Should I buy KRNT stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Kornit Digital stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean KRNT will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Kornit Digital stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 5 ratings published for KRNT stock in the last month.

The general sentiment of these ratings is bullish for KRNT stock, with 5 positive ratings.
Is KRNT a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-18Needham & Company LLCBuyBuy
2019-6-18Needham & Company LLCn/aBuy
2019-4-4Stifel NicolausBuyBuy
2019-4-4Needham & Company LLCn/aBuy
2019-2-14Craig Hallumn/aBuy

KRNT stock analysis

Daily outlook

Shares of Kornit Digital stepped up a nice 1.19% and closed at $28.15.

Kornit Digital shares stepped up 1.19% to $28.15 today. Since August 7th when KRNT stock price broke down the SMA100d line, it slid $-1.72 per share (-5.76%). On June, KRNT hit a new all time high, pushing higher than on June tops. Check different trading setups that use ATHs as triggers.

KRNT stock chart (daily)

Weekly outlook

Kornit Digital shares raised 2.21% this week, ending at $28.15. Early August KRNT plunged a dreadful -12.52% in just one week.

KRNT shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $26.80 early August. Previous top ($32.20) will play as a resistance in possible new gains. Not so far away is the last price record Kornit Digital marked late June. Early January KRNT price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA10d and SMA20w crossed up by mid February, KRNT price climbed $5.41 per share (23.79%).

KRNT stock chart (weekly)

KRNT stock price history

KRNT stock went public on April 2nd, 2015 with a price of $12.001. Since then, KRNT stock surged a 134.60%, with an average of 33.70% per year. If you had invested right after KRNT's IPO a $1,000 in KRNT stock in 2015, it would worth $1,346.00 today.

1: Adjusted price after possible price splits or reverse-splits.

KRNT stock historical price chart

KRNT stock reached all-time highs on June with a price of $32.20.

KRNT stock price target is $30.40

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 5 price forecasts for KRNT stock posted in the last 30 days:
KRNT stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-18Needham & Company LLCReiterates$32.00$34.006.3%
2019-6-18Needham & Company LLCRaises Target$32.00$34.006.3%
2019-4-4Stifel NicolausRaises Target$25.00$29.0016%
2019-4-4Needham & Company LLCRaises Target$24.00$30.0025%
2019-2-14Craig HallumSet Price Targetn/a$25.00-
(in average)$28.30$30.407.0%
Moving in a range from $34.00 and $25.00, the price prediction for Kornit Digital stock is $30.40. In average, analysts' outlook on KRNT price target is positive, improving the forecast by a 7.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Kornit Digital let down analysts on February when it posted an Earnings per Share (EPS) of $0.04 when the analysts' forecast was $0.10.
KRNT earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.05n/a
2017-Q2-n/a0.01n/a
2017-Q32017-11-070.020.05150.0%
2017-Q42018-02-130.050.04-20.0%
2018-Q12018-05-08-0.050.03n/a
2018-Q22018-08-060.060.060.0%
2018-Q32018-11-120.090.111.1%
2018-Q42019-02-120.10.04-60.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw an extraordinary gain of 24.79% to $142.37 M USD. When comparing 2018 vs 2017, similarly, profit margin (that is, the net income divided by revenues) climbed a 10.50% to 8.73%.

KRNT annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$49 M-$1.13 M2.3%-
2014$66 M34.34%$3.02 M4.6%167.52%
2015$86 M30.20%$4.73 M5.5%56.30%
2016$109 M25.80%$0.83 M0.8%-82.48%
2017$114 M4.96%$-2.02 M-1.8%-343.36%
2018$142 M24.79%$12 M8.7%-716.82%

Quarterly financial results

Kornit Digital posted $37.79 million in sales for 2018-Q4, a 0.52% up compared to previous quarter. Reported quarter earnings marked $6.98 M with a profit margin of 18.46%. Profit margin climbed a 10.18% compared to previous quarter when profit margin was 8.28%. When comparing sales to same quarter last year, Kornit Digital sales marked a super good gain and boosted a 26.16%. Looking back to recent quarterly results, Kornit Digital posted 5 negative quarters in a row.
KRNT quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$27 M-$-2 M-6.4%-
2017-Q2$29 M5.50%$0 M0.8%-112.36%
2017-Q3$28 M-0.50%$0 M-0.4%-157.67%
2017-Q4$30 M5.28%$0 M-1.2%197.58%
2018-Q1$31 M3.91%$1 M1.8%-253.12%
2018-Q2$36 M15.28%$2 M4.9%213.98%
2018-Q3$38 M4.78%$3 M8.3%75.48%
2018-Q4$38 M0.52%$7 M18.5%124.12%

Kornit Digital ownership

When you are planning to invest in shares of a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Kornit Digital, 3.10% of all outstanding shares are owned by its staff.

Bearish positions for KRNT stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Kornit Digital:

KRNTADESEBFQUAD
Market cap$990.3 M$228.3 M$511.5 M$335.7 M
Total shares35.2 M18.7 M25.5 M38.1 M
Float shares35.9 M14.9 M23.8 M31.5 M
  - Institutional holdings (%)97.5%72.5%85.2%83.1%
  - Insider holdings (%)3.1%3.5%3.7%18.7%
Shares in short selling0.0%0.0%0.0%0.0%

KRNT summary

Thursday, August 22nd, 2019
Open$27.86
Close$28.15
Day range$27.70 - $28.48
Previous close$27.82
Session gain1.19%
Average true range$1.08
50d mov avg$29.27
100d mov avg$28.35
200d mov avg$24.55
Daily patternlt03a
Weekly pattern lb03a

Kornit Digital performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We picked Advanced Emissions Solutions, Ennis and Quad Graphics as the bechmarking frame for Kornit Digital stock.
Stock3m6m12m
KRNTKornit Digital6.23%20.92%51.34%
ADESAdvanced Emission...6.90%5.61%18.38%
EBFEnnis7.66%-2.33%-3.46%
QUADQuad Graphics-1.89%-40.55%-58.66%

Kornit Digital competitors

We chose a few stocks to conform a list of Kornit Digital competitors to examine if you are interested in investing in KRNT: