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 April 16, 2024, KRNT stock price declined to $15.72 with 82,710 million shares trading.

KRNT has a beta of 2.74, meaning it tends to be more sensitive to market movements. KRNT has a correlation of 0.27 to the broad based SPY ETF.

KRNT has a market cap of $787.82 million. This is considered a Small Cap stock.

Last quarter Kornit Digital Ltd. - reported $57 million in Revenue and $.08 earnings per share. This fell short of revenue expectation by $-925,000 and exceeded earnings estimates by $.09.

In the last 3 years, KRNT stock traded as high as $181.38 and as low as $13.29.

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

KRNT has underperformed the market in the last year with a price return of -13.0% while the SPY ETF gained +23.9%. KRNT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.9% and -12.0%, respectively, while the SPY returned +6.1% and -3.4%, respectively.

KRNT support price is $15.44 and resistance is $16.52 (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 stock will trade within this expected range on the day.