KRNT stock: buy or sell?
December 6th, 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?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.
|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 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.
|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
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.
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 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 $30.40How 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:
|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 missed the expectations of the analysts and reported a scary EPS of $0.04 per share when experts were expecting $0.10.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|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 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.
|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 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:
|Market cap||$1.3 B||$195.4 M||$536.6 M||$176.6 M|
|Total shares||40.4 M||18.6 M||26.1 M||39.2 M|
|Float shares||40.4 M||14.7 M||23.5 M||31.9 M|
|- Institutional holdings (%)||97.5%||72.5%||85.2%||83.1%|
|- Insider holdings (%)||3.1%||3.5%||3.7%||18.7%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%|
|Friday, December 6th, 2019|
|Day range||$32.44 - $33.71|
|Average true range||$1.27|
|50d mov avg||$32.97|
|100d mov avg||$31.29|
|200d mov avg||$29.02|
Kornit Digital performanceTo 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.