Kornit Digital Ltd (NASDAQ: KRNT) kicked off on Tuesday, down -3.07% from the previous trading day, before settling in for the closing price of $25.08. Over the past 52 weeks, KRNT has traded in a range of $13.29-$26.64.
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Annual sales at Industrials sector company grew by 9.84% over the past five years. While this was happening, its average annual earnings per share was recorded 140.48%. With a float of $47.64 million, this company’s outstanding shares have now reached $47.72 million.
Let’s look at the performance matrix of the company that is accounted for 873 employees. In terms of profitability, gross margin is 39.32%, operating margin of -26.34%, and the pretax margin is -23.4%.
Kornit Digital Ltd (KRNT) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Kornit Digital Ltd is 0.19%, while institutional ownership is 95.11%.
Kornit Digital Ltd (KRNT) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.07 earnings per share (EPS), higher than consensus estimate (set at -0.08) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 140.48% per share during the next fiscal year.
Kornit Digital Ltd (NASDAQ: KRNT) Trading Performance Indicators
Take a look at Kornit Digital Ltd’s (KRNT) current performance indicators. Last quarter, stock had a quick ratio of 12.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.02, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.39 in one year’s time.
Technical Analysis of Kornit Digital Ltd (KRNT)
Kornit Digital Ltd (NASDAQ: KRNT) saw its 5-day average volume 0.64 million, a positive change from its year-to-date volume of 0.38 million. As of the previous 9 days, the stock’s Stochastic %D was 47.10%. Additionally, its Average True Range was 1.08.
During the past 100 days, Kornit Digital Ltd’s (KRNT) raw stochastic average was set at 82.15%, which indicates a significant increase from 33.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.36% in the past 14 days, which was lower than the 59.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.50, while its 200-day Moving Average is $17.43. Nevertheless, the first resistance level for the watch stands at $24.98 in the near term. At $25.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.07. If the price goes on to break the first support level at $23.89, it is likely to go to the next support level at $23.48. Assuming the price breaks the second support level, the third support level stands at $22.81.
Kornit Digital Ltd (NASDAQ: KRNT) Key Stats
The company with the Market Capitalisation of 1.16 billion has total of 47,735K Shares Outstanding. Its annual sales at the moment are 219,790 K in contrast with the sum of -64,350 K annual income. Company’s last quarter sales were recorded 48,620 K and last quarter income was -4,910 K.
