KRNT stock: buy or sell?

KRNT stock price: $32.49 -1.81% At close on December 6th, 2019

Updated on:
December 6th, 2019

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Kornit Digital shares eased -1.81% to $32.49 on December 6th. With Dec/6 it's been 3 sliding days in a row, loosing $-2.26 (-6.58%).

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose 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, 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 posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 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.
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

Kornit Digital ended on December 6th at $32.49 and eased a fateful -1.81%.

Kornit Digital shares eased -1.81% to $32.49 on Dec/6. On September KRNT price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock. On November 4th, KRNT hit new all time highs, pushing higher previous ATH of $35.00 recorded on Nov 1st. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

KRNT stock chart (daily)

Weekly outlook

After boosting a brilliant 5.57% in a week last week, Kornit Digital closed this week at $32.49 and collapsed a terrifying -4.72%. By mid November KRNT plunged a frightening -6.27% in just one week.

From a weekly outlook, KRNT marked an uptrend of rising tops and rising bottoms. Since its last top early November at $35.73, price slid and bounced up back from $30.62. Breaking down under $30.62 would cancel the current uptrend and it might test lower supports. Note that $35.73 might act as a resistance line. Not so far away is the last all-time high Kornit Digital marked early November. 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 $9.75 per share (42.88%).

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 170.80%, with a yearly average of 42.70%. If you had invested $1,000 in KRNT stock in 2015, it would worth $1,708.00 today.

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

KRNT stock historical price chart

KRNT stock reached all-time highs on November/4 with a price of $35.73.

KRNT stock price target is $30.40

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 5 price targets for KRNT stock:
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%
The price forecast for Kornit Digital stock is $30.40, moving in a range between $34.00 and $25.00. In average, analysts' outlook on KRNT price target is positive, improving the target by a 7.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Kornit Digital missed the expectations of the analysts and reported a scary EPS of $0.04 per share when experts were expecting $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

In 2018, Kornit Digital annual sales skyrocketed an extraordinary 24.79% to $142.37 million dollars from $114.09 marked in 2017. When comparing 2018 vs 2017, likewise, profit margin (that is, the net income divided by revenues) boosted 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 M in sales for 2018-Q4, a 0.52% improvement 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 revenues to same quarter last year, Kornit Digital sales marked an outstanding growth and rocketed a 26.16%. Looking back to recent quarterly results, Kornit Digital posted 5 positive 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 buy a stock, it's worth to check 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$1.3 B$195.4 M$536.6 M$176.6 M
Total shares40.4 M18.6 M26.1 M39.2 M
Float shares40.4 M14.7 M23.5 M31.9 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

Friday, December 6th, 2019
Open$33.37
Close$32.49
Day range$32.44 - $33.71
Previous close$33.09
Session gain-1.81%
Average true range$1.27
50d mov avg$32.97
100d mov avg$31.29
200d mov avg$29.02
Daily pattern
Weekly pattern lb03a

Kornit Digital performance

To better understand Kornit Digital performance you must compare its gains with other related stocks in same sector or industry. We selected Advanced Emissions Solutions, Ennis and Quad Graphics as the bechmarking frame for Kornit Digital stock.
Stock3m6m12m
KRNTKornit Digital10.85%17.50%74.12%
ADESAdvanced Emission...-16.45%-14.69%8.80%
EBFEnnis2.03%12.10%16.36%
QUADQuad Graphics-51.92%-46.68%-65.20%

Kornit Digital competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for Kornit Digital. We picked 3 companies as Kornit Digital competitors as they are in the same industry or have similar market objectives.