Kornit Digital Ltd (NASDAQ: KRNT) is -4.04% lower on its value in year-to-date trading and has touched a low of $13.59 and a high of $34.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KRNT stock was last observed hovering at around $29.82 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $29.70, the stock is -3.72% and -4.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing -0.40% at the moment leaves the stock 38.73% off its SMA200. KRNT registered 89.78% gain for a year compared to 6-month gain of 92.11%. The firm has a 50-day simple moving average (SMA 50) of $31.1415 and a 200-day simple moving average (SMA200) of $21.4083.
The stock witnessed a -9.75% loss in the last 1 month and extending the period to 3 months gives it a 19.23%, and is -0.24% down 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 3.15% over the week and 3.88% over the month.
Kornit Digital Ltd (KRNT) has around 873 employees, a market worth around $1.42B and $191.60M in sales. Fwd P/E is 73.46. Profit margin for the company is -21.89%. Distance from 52-week low is 118.54% and -13.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.18%).
with sales reaching $60.39M over the same period.The EPS is expected to grow by 155.44% this year, but quarterly earnings will post -7.17% year-over-year. Quarterly sales are estimated to grow 6.72% in year-over-year returns.
Kornit Digital Ltd (KRNT) Top Institutional Holders
The shares outstanding are 47.74M, and float is at 47.64M with Short Float at 3.38%.
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.
Kornit Digital Ltd (KRNT) Insider Activity
#####
