KRNT stock: buy or sell?
January 17th, 2020
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. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
Currently, 2 buy setups work for Kornit Digital stock now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Kornit Digital stock a buy?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we collected 5 ratings published for KRNT stock in the last 30 days. The general sentiment of these ratings is bullish for KRNT stock, with 5 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-6-18||Needham & Company LLC||Buy||Buy|
|2019-6-18||Needham & Company LLC||n/a||Buy|
|2019-4-4||Needham & Company LLC||n/a||Buy|
KRNT stock analysis
After marking all time highs today, Kornit Digital gained 0.57% today to $40.76.
Kornit Digital ended today at $40.76 after topping to a new all time high ($41.02) and gained a tiny 0.57%. Since last September when KRNT stock price broke up the SMA100d line, it gained $12.55 (44.49%).
Kornit Digital closed this week at $40.76 after marking a new all time high ($41.02) and boosted an amazing 5.62%.
Since early September 2019 when KRNT stock price broke up the SMA20w line, it gained $12.55 (44.49%). By mid February 2019, SMA10w and SMA20w crossed up triggering a rise of 79.24%.
KRNT stock price history
KRNT stock went public on April 2nd, 2015 with a price of $12.001. Since then, KRNT stock grew a 239.70%, with an average of 59.90% per year. If you had invested $1,000 in KRNT stock in 2015, it would worth $2,397.00 today.
1: Adjusted price after possible price splits or reverse-splits.
KRNT stock historical price chart
KRNT stock reached all-time highs today with a price of $41.02.
KRNT stock price target is $30.40Nobody can reliably foresee how stock prices may evolve in the future. 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 Kornit Digital stock released in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-6-18||Needham & Company LLC||Reiterates||$32.00||$34.00||6.3%|
|2019-6-18||Needham & Company LLC||Raises Target||$32.00||$34.00||6.3%|
|2019-4-4||Stifel Nicolaus||Raises Target||$25.00||$29.00||16%|
|2019-4-4||Needham & Company LLC||Raises Target||$24.00||$30.00||25%|
|2019-2-14||Craig Hallum||Set Price Target||n/a||$25.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Kornit Digital didn't meet the forecasts of the experts and reported a chilling EPS of $0.04 per share when experts were expecting $0.10.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual revenues report draw a super good increase of 24.79% to $142.37 M USD. Similarly, its earnings margin (compared to sales) climbed to 8.73%, that is $12.43 million.
|2013||$49 M||-||$1.13 M2.3%||-|
|2014||$66 M||34.34%||$3.02 M4.6%||167.52%|
|2015||$86 M||30.20%||$4.73 M5.5%||56.30%|
|2016||$109 M||25.80%||$0.83 M0.8%||-82.48%|
|2017||$114 M||4.96%||$-2.02 M-1.8%||-343.36%|
|2018||$142 M||24.79%||$12 M8.7%||-716.82%|
Quarterly financial resultsKornit Digital posted $37.79 million in revenues for 2018-Q4, a 0.52% up compared to previous quarter. Reported quarter earnings marked $6.98 million with a profit margin of 18.46%. Profit margin boosted 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 an exceptional increase and climbed a 26.16%. Looking back to recent quarterly results, Kornit Digital posted 5 negative quarters in a row.
|2017-Q1||$27 M||-||$-2 M-6.4%||-|
|2017-Q2||$29 M||5.50%||$0 M0.8%||-112.36%|
|2017-Q3||$28 M||-0.50%||$0 M-0.4%||-157.67%|
|2017-Q4||$30 M||5.28%||$0 M-1.2%||197.58%|
|2018-Q1||$31 M||3.91%||$1 M1.8%||-253.12%|
|2018-Q2||$36 M||15.28%||$2 M4.9%||213.98%|
|2018-Q3||$38 M||4.78%||$3 M8.3%||75.48%|
|2018-Q4||$38 M||0.52%||$7 M18.5%||124.12%|
Kornit Digital ownershipWhen you are planning to invest in a company, it's always worth to check its ownership structure.
Kornit Digital shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 2.13% of all shares.
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:
|Market cap||$1.6 B|
|Total shares||40.4 M|
|Float shares||40.5 M|
|- Institutional holdings (%)||99.9%|
|- Insider holdings (%)||2.1%|
|Shares in short selling||0.0%|
|Friday, January 17th, 2020|
|Day range||$40.21 - $41.02|
|Average true range||$1.24|
|50d mov avg||$34.36|
|100d mov avg||$32.99|
|200d mov avg||$30.69|
Kornit Digital performanceTo measure stock performance is always good to compare with competitors or related stocks. For Kornit Digital, the comparison is made against .