The 36-month beta value for KRNT is at 2.01. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for KRNT is 47.64M, and currently, shorts hold a 3.08% of that float. The average trading volume for KRNT on November 28, 2024 was 387.84K shares.
KRNT) stock’s latest price update
Kornit Digital Ltd (NASDAQ: KRNT)’s stock price has plunge by -2.18relation to previous closing price of 32.06. Nevertheless, the company has seen a 0.71% surge in its stock price over the last five trading sessions. zacks.com reported 2024-11-15 that Does Kornit Digital (KRNT) have what it takes to be a top stock pick for momentum investors? Let’s find out.
KRNT’s Market Performance
Kornit Digital Ltd (KRNT) has seen a 0.71% rise in stock performance for the week, with a 26.76% gain in the past month and a 67.61% surge in the past quarter. The volatility ratio for the week is 3.44%, and the volatility levels for the past 30 days are at 4.80% for KRNT. The simple moving average for the past 20 days is 5.74% for KRNT’s stock, with a 63.14% simple moving average for the past 200 days.
Analysts’ Opinion of KRNT
Many brokerage firms have already submitted their reports for KRNT stocks, with Cantor Fitzgerald repeating the rating for KRNT by listing it as a “Overweight.” The predicted price for KRNT in the upcoming period, according to Cantor Fitzgerald is $39 based on the research report published on November 26, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see KRNT reach a price target of $23. The rating they have provided for KRNT stocks is “Buy” according to the report published on November 09th, 2023.
Morgan Stanley gave a rating of “Overweight” to KRNT, setting the target price at $29 in the report published on August 10th of the previous year.
KRNT Trading at 17.63% from the 50-Day Moving Average
After a stumble in the market that brought KRNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.97% of loss for the given period.
Volatility was left at 4.80%, however, over the last 30 days, the volatility rate increased by 3.44%, as shares surge +32.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.49% upper at present.
During the last 5 trading sessions, KRNT rose by +0.71%, which changed the moving average for the period of 200-days by +83.07% in comparison to the 20-day moving average, which settled at $29.66. In addition, Kornit Digital Ltd saw 63.67% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KRNT starting from Cohen Yuval, who proposed sale 29,610 shares at the price of $31.79 back on Nov 14 ’24. After this action, Cohen Yuval now owns shares of Kornit Digital Ltd, valued at $941,302 using the latest closing price.
Stock Fundamentals for KRNT
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.43 for the gross margin
The net margin for Kornit Digital Ltd stands at -0.21. The total capital return value is set at -0.06. Equity return is now at value -5.20, with -4.80 for asset returns.
Currently, EBITDA for the company is -72.83 million with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 7.14. The receivables turnover for the company is 2.65for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 16.50.
Conclusion
In conclusion, Kornit Digital Ltd (KRNT) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
