KRNT stock: buy or sell?

KRNT stock price: $28.23 2.77% At close on June 26th, 2019

Updated on:
June 26th, 2019

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Shares of Kornit Digital ended today at $28.23 and jumped an excellent 2.77%.

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. 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.

None of our preferred buy setups matches with Kornit Digital stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Kornit Digital stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we detected 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 jumped an excellent 2.77% and closed at $28.23.

Shares of Kornit Digital jumped an excellent 2.77% and closed at $28.23. Since SMA50d and SMA100d crossed up on February, KRNT price climbed $5.66 per share (25.08%). Since price and SMA100d lines crossed up on February, KRNT climbed $8.63 (44.03%). On June/14, KRNT hit a new all time high, pushing higher than on June 11th tops. Check different trading setups that use ATHs as triggers.

KRNT stock chart (daily)

Weekly outlook

Kornit Digital ended this week at $28.23 and decreased a disappointing -0.84%. Early May KRNT plunged a dreadful -11.18% in just one week. Late May KRNT climbed an astounding 6.59% in just one week.

Kornit Digital stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Kornit Digital marked by mid June. Early January KRNT price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since mid February when SMA10w and SMA20w crossed up, KRNT price gained $5.49 per share (24.14%).

KRNT stock chart (weekly)

KRNT stock price history

KRNT IPO was on April 2nd, 2015 at $12.00 per share1. Since then, KRNT stock grew a 135.30%, with an average of 33.80% per year. If you had invested right after KRNT's IPO a $1,000 in KRNT stock in 2015, it would worth $1,353.00 today.

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

KRNT stock historical price chart

KRNT stock reached all-time highs on June 14th with a price of $30.00.

KRNT stock price target is $30.40

Nobody 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 have 5 price forecasts for Kornit Digital stock released in the last month:
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 forecast is positive, upgrading the target by a 7.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Kornit Digital failed to meet the estimates of the experts 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 revenues rocketed a super good 24.79% to $142.37 M dollars from $114.09 marked in 2017. Likewise, its income margin (compared to revenues) climbed to 8.73%, that is $12.43 million.

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 revenues for 2018-Q4, a 0.52% improvement compared to previous quarter. Reported quarter income marked $6.98 million with a profit margin of 18.46%. Profit margin skyrocketed a 10.18% compared to previous quarter when profit margin was 8.28%. When comparing turnover to same quarter last year, Kornit Digital sales marked a dazzling growth and boosted 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 invest in shares of a stock, it's always worth to have a look 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$993.1 M$222.8 M$533.9 M$287.1 M
Total shares35.2 M18.2 M26.2 M38.0 M
Float shares35.1 M15.1 M23.8 M30.8 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

Wednesday, June 26th, 2019
Open$27.54
Close$28.23
Day range$27.30 - $28.39
Previous close$27.47
Session gain2.77%
Average true range$1.32
50d mov avg$27.63
100d mov avg$25.51
200d mov avg$22.62
Daily patternlt01a
Weekly pattern lt06a

Kornit Digital performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Kornit Digital, the comparison is made against Advanced Emissions Solutions, Ennis and Quad Graphics.
Stock3m6m12m
KRNTKornit Digital18.61%50.08%58.60%
ADESAdvanced Emission...7.85%26.47%17.60%
EBFEnnis-0.63%8.05%4.83%
QUADQuad Graphics-34.66%-34.66%-60.75%

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 chose 3 companies as Kornit Digital competitors as they are in the same industry or have similar market objectives.