Is Buying Stock Like Kornit Digital Ltd. (KRNT) After Such Increase Winning Strategy?

April 16, 2018 - By Marie Mckinney

Kornit Digital Ltd. (NASDAQ:KRNT) Logo

The stock of Kornit Digital Ltd. (NASDAQ:KRNT) is a huge mover today! The stock increased 5.47% or $0.75 during the last trading session, reaching $14.45. About 259,567 shares traded. Kornit Digital Ltd. (NASDAQ:KRNT) has declined 29.49% since April 16, 2017 and is downtrending. It has underperformed by 41.04% the S&P500.
The move comes after 9 months positive chart setup for the $495.31M company. It was reported on Apr, 16 by Barchart.com. We have $15.46 PT which if reached, will make NASDAQ:KRNT worth $34.67M more.

Analysts await Kornit Digital Ltd. (NASDAQ:KRNT) to report earnings on May, 8. They expect $-0.04 EPS, down 300.00 % or $0.03 from last year’s $-0.01 per share. After $0.01 actual EPS reported by Kornit Digital Ltd. for the previous quarter, Wall Street now forecasts -500.00 % negative EPS growth.

Kornit Digital Ltd. (NASDAQ:KRNT) Ratings Coverage

Among 4 analysts covering Kornit Digital Ltd (NASDAQ:KRNT), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Kornit Digital Ltd had 6 analyst reports since November 8, 2017 according to SRatingsIntel. Barclays Capital maintained Kornit Digital Ltd. (NASDAQ:KRNT) on Wednesday, November 8 with “Overweight” rating. As per Wednesday, November 15, the company rating was maintained by Barclays Capital. The stock of Kornit Digital Ltd. (NASDAQ:KRNT) earned “Buy” rating by Canaccord Genuity on Tuesday, January 23. On Wednesday, February 14 the stock rating was maintained by Needham with “Buy”. The stock of Kornit Digital Ltd. (NASDAQ:KRNT) has “Buy” rating given on Tuesday, January 23 by Citigroup. Canaccord Genuity maintained Kornit Digital Ltd. (NASDAQ:KRNT) rating on Friday, April 13. Canaccord Genuity has “Buy” rating and $1800 target.

Kornit Digital Ltd. designs, develops, and markets digital printing solutions for printed textile industry. The company has market cap of $495.31 million. 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. It currently has negative earnings. The firm serves decorators, online businesses, brand owners, and contract printers.

Kornit Digital Ltd. (NASDAQ:KRNT) Ratings Chart

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