Kornit Digital Ltd (NASDAQ: KRNT) is 34.86% higher on its value in year-to-date trading and has touched a low of $13.29 and a high of $26.57 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KRNT stock was last observed hovering at around $25.68 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $25.84, the stock is 11.04% and 31.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing 0.62% at the moment leaves the stock 49.33% off its SMA200. KRNT registered 42.21% gain for a year compared to 6-month gain of 47.24%. The firm has a 50-day simple moving average (SMA 50) of $19.9295 and a 200-day simple moving average (SMA200) of $17.336124.
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The stock witnessed a 42.45% loss in the last 1 month and extending the period to 3 months gives it a 74.12%, and is 2.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.05% over the week and 4.99% over the month.
Kornit Digital Ltd (KRNT) has around 873 employees, a market worth around $1.23B and $196.77M in sales. Fwd P/E is 65.70. Profit margin for the company is -25.01%. Distance from 52-week low is 94.43% and -2.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.14%).
Kornit Digital Ltd quarterly earnings per share for the current quarter are estimated at 0.07 with sales reaching $50.47M over the same period.The EPS is expected to grow by 140.48% this year, but quarterly earnings will post -7.90% year-over-year. Quarterly sales are estimated to shrink -14.80% in year-over-year returns.
The shares outstanding are 47.72M, and float is at 47.64M with Short Float at 1.68%.
The top institutional shareholder in the company is SENVEST MANAGEMENT, LLC with over 4.48 million shares valued at $65.6 million. The investor’s holdings represent 9.4119 of the KRNT Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 3.92 million shares valued at $57.34 million to account for 8.226 of the shares outstanding. The other top investors are ARTISAN PARTNERS LIMITED PARTNERSHIP which holds 3.64 million shares representing 7.6473 and valued at over $53.3 million, while CHICAGO CAPITAL, LLC holds 6.0019 of the shares totaling 2.86 million with a market value of $41.84 million.
