KRNT Stock Summary and Trading Ideas (Kornit Digital Ltd. - | NASDAQ:KRNT)

Kornit Digital Ltd develops, designs and markets digital printing solutions for the world-wide printed textile industry. The company focuses on its DTG and DTF segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software and value-added services that allow for large-scale printing of short runs of complex images and designs directly on finished garments and fabrics. It generates revenue from sales of systems, ink and other consumables and service including software subscriptions The company geographically operates in U.S., EMEA, Asia Pacific and other countries. It derives maximum revenue from U.S.

Kornit Digital Ltd. - trades on the NASDAQ stock market under the symbol KRNT.

As of March 3, 2025, KRNT stock price declined to $23.49 with 194,894 million shares trading.

KRNT has a beta of 2.13, meaning it tends to be more sensitive to market movements. KRNT has a correlation of 0.29 to the broad based SPY ETF.

KRNT has a market cap of $1.12 billion. This is considered a Small Cap stock.

Last quarter Kornit Digital Ltd. - reported $61 million in Revenue and $.18 earnings per share. This beat revenue expectation by $306,000 and missed earnings estimates by -$.02.

In the last 3 years, KRNT traded as high as $89.70 and as low as $13.29.

The top ETF exchange traded funds that KRNT belongs to (by Net Assets): IEFA, SPDW, SCZ, IXUS, PRFZ.

KRNT has outperformed the market in the last year with a return of +29.1%, while the SPY ETF gained +15.2%. However, in the most recent history, KRNT shares have underperformed the stock market with its stock returning -25.5% in the last 3 month period and -14.9% for the last 2 week period, while SPY has returned -3.0% and -4.3%, respectively.

KRNT support price is $23.89 and resistance is $25.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KRNT shares will trade within this expected range on the day.