Kornit Digital (KRNT) Stock Price, News & Analysis

Company Overview

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. Its solutions include digital printing systems, ink and other consumables, associated software, and value-added services. The company's products and services include direct-to-garment printing platform for smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and system upgrade kits, maintenance and support, consulting, and professional services. It serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was incorporated in 2002 and is headquartered in Rosh Haayin, Israel.

Key Stats

• Today's Range: $31.40 to $33.18
• 50-Day Range: $22.89 to $32.91
• 52-Week Range: $13.59 to $34.28
• Volume: 272,768 shs
• Average Volume: 361,420 shs
• Market Capitalization: $1.55 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $33.40
• Consensus Rating: Moderate Buy

Kornit Digital Stock Analysis - MarketRank™

Kornit Digital scored higher than 45% of companies evaluated by MarketBeat, and ranked 124th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Kornit Digital has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Kornit Digital has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Kornit Digital are expected to grow in the coming year, from ($0.22) to ($0.07) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Kornit Digital is -37.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kornit Digital is -37.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Kornit Digital has a P/B Ratio of 2.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.19% of the outstanding shares of Kornit Digital have been sold short.

Short Interest Ratio / Days to Cover

Kornit Digital has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Kornit Digital has recently decreased by 29.25%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Kornit Digital does not currently pay a dividend.

Dividend Growth

Kornit Digital does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.19% of the outstanding shares of Kornit Digital have been sold short.

Short Interest Ratio / Days to Cover

Kornit Digital has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Kornit Digital has recently decreased by 29.25%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.60

News Sentiment

Kornit Digital has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Kornit Digital this week, compared to 3 articles on an average week.

Search Interest

Only 3 people have searched for KRNT on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

MarketBeat Follows

1 people have added Kornit Digital to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Kornit Digital insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.21% of the stock of Kornit Digital is held by insiders.

Percentage Held by Institutions

92.76% of the stock of Kornit Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KRNT Stock Analysis - Frequently Asked Questions

How have KRNT shares performed this year?

Kornit Digital's stock was trading at $19.16 on January 1st, 2024. Since then, KRNT stock has increased by 70.1% and is now trading at $32.60.
View the best growth stocks for 2024 here.

How were Kornit Digital's earnings last quarter?

Kornit Digital Ltd. (NASDAQ:KRNT) released its quarterly earnings results on Wednesday, November, 6th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company's quarterly revenue was down 14.3% compared to the same quarter last year.

Does Kornit Digital have any subsidiaries?

The following companies are subsidiaries of Kornit Digital: Voxel8, Custom Gateway, Custom Gateway Limited, Kornit Digital Asia Pacific Limited, Kornit Digital Europe GmbH, Kornit Digital Japan KK, Kornit Digital North America Inc, and more.

When did Kornit Digital IPO?

Kornit Digital (KRNT) raised $99 million in an initial public offering on Thursday, April 2nd 2015. The company issued 7,100,000 shares at $13.00-$15.00 per share. Barclays and Citigroup acted as the underwriters for the IPO and William Blair, Stifel, Canaccord Genuity and Needham were co-managers.

Who are Kornit Digital's major shareholders?

Top institutional shareholders of Kornit Digital include Senvest Management LLC (9.45%), Chicago Capital LLC (6.47%), American Capital Management Inc. (4.54%) and Disciplined Growth Investors Inc. MN (4.45%).

How do I buy shares of Kornit Digital?

Shares of KRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Kornit Digital own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Kornit Digital investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Netflix (NFLX), Tesla (TSLA), JPMorgan Chase & Co. (JPM) and Alphabet (GOOG).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrial Products
• Industry: Printing trades machinery
• Sub-Industry: Machinery
• Current Symbol: NASDAQ:KRNT
• CUSIP: N/A
• CIK: 1625791
• Web: www.kornit.com
• Phone: (723) 908-5800
• Fax: 972-3908-0280
• Employees: 880
• Year Founded: 2002

Price Target and Rating

• Average Stock Price Target: $33.40
• High Stock Price Target: $39.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: +2.5%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.88)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-64,350,000.00
• Net Margins: -21.00%
• Pretax Margin: -20.03%
• Return on Equity: -2.17%
• Return on Assets: -2.01%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 16.50
• Quick Ratio: 14.87

Sales & Book Value

• Annual Sales: $199.71 million
• Price / Sales: 7.76
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $15.88 per share
• Price / Book: 2.05

Miscellaneous

• Outstanding Shares: 47,552,000
• Free Float: 47,452,000
• Market Cap: $1.55 billion
• Optionable: Optionable
• Beta: 2.01