KRNT stock: buy or sell?
August 22nd, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|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
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.
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 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 $30.40Predicting 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:
|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 ShareKornit Digital let down analysts on February when it posted an Earnings per Share (EPS) of $0.04 when the analysts' forecast was $0.10.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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.
|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 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:
|Market cap||$990.3 M||$228.3 M||$511.5 M||$335.7 M|
|Total shares||35.2 M||18.7 M||25.5 M||38.1 M|
|Float shares||35.9 M||14.9 M||23.8 M||31.5 M|
|- Institutional holdings (%)||97.5%||72.5%||85.2%||83.1%|
|- Insider holdings (%)||3.1%||3.5%||3.7%||18.7%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$27.70 - $28.48|
|Average true range||$1.08|
|50d mov avg||$29.27|
|100d mov avg||$28.35|
|200d mov avg||$24.55|
Kornit Digital performancePerformance 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.