KRNT stock: buy or sell?

KRNT stock price: $40.76 0.57% At close on January 17th, 2020

Updated on:
January 17th, 2020

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Shares of Kornit Digital ended today at $40.76 after topping to a new all time high ($41.02) and gained a tiny 0.57%. On Jan 10th KRNT skyrocketed an exceptional 6.19%.

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:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.
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

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%).

KRNT stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $30.40

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 detected 5 price forecasts for Kornit Digital stock released 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 forecast for Kornit Digital stock is $30.40. In average, analysts' outlook on KRNT price forecast is positive, increasing the target by a 7.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
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 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.

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% 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.
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 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:

KRNT
Market cap$1.6 B
Total shares40.4 M
Float shares40.5 M
  - Institutional holdings (%)99.9%
  - Insider holdings (%)2.1%
Shares in short selling0.0%

KRNT summary

Friday, January 17th, 2020
Open$40.53
Close$40.76
Day range$40.21 - $41.02
Previous close$40.53
Session gain0.57%
Average true range$1.24
50d mov avg$34.36
100d mov avg$32.99
200d mov avg$30.69
Daily pattern
Weekly pattern lb11c

Kornit Digital performance

To measure stock performance is always good to compare with competitors or related stocks. For Kornit Digital, the comparison is made against .
Stock3m6m12m
KRNTKornit Digital26.00%38.31%102.89%

Kornit Digital competitors

Unfortunately, we could not find any public company that could be defined as Kornit Digital competitor. This doesn't mean Kornit Digital does not have any competitor in the market, it's just we could not detected it.