Kornit Digital Stock Today

KRNT Stock  USD 18.12  0.69  3.96%   

Performance

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Odds Of Distress

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Kornit Digital is selling for under 18.12 as of the 29th of March 2024; that is 3.96 percent up since the beginning of the trading day. The stock's last reported lowest price was 17.45. Kornit Digital has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Kornit Digital are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Capital Goods
IPO Date
2nd of April 2015
Category
Industrials
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. Kornit Digital Ltd. The company has 49.18 M outstanding shares of which 1.13 M shares are now shorted by private and institutional investors with about 2.13 trading days to cover. More on Kornit Digital

Moving against Kornit Stock

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Kornit Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Kornit Digital's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Kornit Digital or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and DirectorGabi Seligsohn
Business ConcentrationIndustrial Machinery & Supplies & Components, Specialty Industrial Machinery, Industrials, NASDAQ Composite, NASDAQ Composite Total, Industrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering Kornit Digital report their recommendations after researching Kornit Digital's financial statements, talking to executives and customers, or listening in on Kornit Digital's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Kornit Digital. The Kornit consensus assessment is calculated by taking the average forecast from all of the analysts covering Kornit Digital.
Kornit Digital's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Kornit Digital's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Kornit Digital's financial leverage. It provides some insight into what part of Kornit Digital's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Kornit Digital's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Kornit Digital deploys its capital and how much of that capital is borrowed.
Liquidity
Kornit Digital cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 23.61 M in liabilities with Debt to Equity (D/E) ratio of 0.03, which may suggest the company is not taking enough advantage from borrowing. Kornit Digital has a current ratio of 7.18, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Kornit Digital until it has trouble settling it off, either with new capital or with free cash flow. So, Kornit Digital's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Kornit Digital sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Kornit to invest in growth at high rates of return. When we think about Kornit Digital's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

112.32 Million
Kornit Digital (KRNT) is traded on NASDAQ Exchange in USA. It is located in 12 Ha`Amal Street, Rosh Haayin, Israel, 4809246 and employs 19 people. Kornit Digital is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 883.72 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Kornit Digital's market, we take the total number of its shares issued and multiply it by Kornit Digital's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Kornit Digital conducts business under Machinery sector and is part of Industrials industry. The entity has 49.18 M outstanding shares of which 1.13 M shares are now shorted by private and institutional investors with about 2.13 trading days to cover. Kornit Digital currently holds about 447.42 M in cash with (34.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.98.
Check Kornit Digital Probability Of Bankruptcy
Ownership Allocation
Kornit Digital maintains a total of 49.18 Million outstanding shares. The majority of Kornit Digital outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Kornit Digital to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Kornit Digital. Please pay attention to any change in the institutional holdings of Kornit Digital as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Kornit Ownership Details

Kornit Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Kornit Digital jumping above the current price in 90 days from now is about 31.39%. The Kornit Digital probability density function shows the probability of Kornit Digital stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 3.3612. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Kornit Digital will likely underperform. Additionally, kornit Digital has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 18.12HorizonTargetOdds Above 18.12
68.41%90 days
 18.12 
31.39%
Based on a normal probability distribution, the odds of Kornit Digital to move above the current price in 90 days from now is about 31.39 (This Kornit Digital probability density function shows the probability of Kornit Stock to fall within a particular range of prices over 90 days) .

Kornit Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Kornit Digital that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Kornit Digital's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Kornit Digital's value.
InstituionRecorded OnShares
Blackrock Inc2023-12-31
1.4 M
Alyeska Investment Group, L.p.2023-09-30
M
D. E. Shaw & Co Lp2023-09-30
990.6 K
Migdal Insurance & Financial Holdings Ltd2023-12-31
953.7 K
Harel Insurance Invests & Fin Srvcs Ltd2023-12-31
922.2 K
William Blair Investment Management, Llc2023-12-31
895.8 K
Pathstone Family Office, Llc2023-09-30
886.7 K
Axa Sa2023-12-31
789.1 K
Hhg Plc2023-12-31
759.9 K
Rima Management, Llc2023-12-31
4.4 M
Artisan Partners Limited Partnership2023-12-31
3.7 M
View Kornit Digital Diagnostics

Kornit Digital Historical Income Statement

Kornit Digital Income Statement is one of the three primary financial statements used for reporting Kornit's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Kornit Digital revenue and expense. Kornit Digital Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Kornit Digital's Depreciation And Amortization is comparatively stable compared to the past year. Interest Expense is likely to gain to about 16.2 M in 2024, whereas Total Revenue is likely to drop slightly above 164.4 M in 2024. View More Fundamentals

Kornit Stock Against Markets

Picking the right benchmark for Kornit Digital stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Kornit Digital stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Kornit Digital is critical whether you are bullish or bearish towards Kornit Digital at a given time. Please also check how Kornit Digital's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kornit Digital without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Kornit Digital Corporate Executives

Elected by the shareholders, the Kornit Digital's board of directors comprises two types of representatives: Kornit Digital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kornit. The board's role is to monitor Kornit Digital's management team and ensure that shareholders' interests are well served. Kornit Digital's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kornit Digital's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Kornit Stock?

Before investing in Kornit Digital, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Kornit Digital. To buy Kornit Digital stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Kornit Digital. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Kornit Digital stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Kornit Digital stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Kornit Digital stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Kornit Digital, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.

Already Invested in Kornit Digital?

The danger of trading Kornit Digital is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Kornit Digital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Kornit Digital. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kornit Digital is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Kornit Digital is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Kornit Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Kornit Digital Stock. Highlighted below are key reports to facilitate an investment decision about Kornit Digital Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kornit Digital. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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When running Kornit Digital's price analysis, check to measure Kornit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kornit Digital is operating at the current time. Most of Kornit Digital's value examination focuses on studying past and present price action to predict the probability of Kornit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kornit Digital's price. Additionally, you may evaluate how the addition of Kornit Digital to your portfolios can decrease your overall portfolio volatility.
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Is Kornit Digital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kornit Digital. If investors know Kornit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kornit Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.84)
Earnings Share
(1.31)
Revenue Per Share
4.471
Quarterly Revenue Growth
(0.11)
Return On Assets
(0.05)
The market value of Kornit Digital is measured differently than its book value, which is the value of Kornit that is recorded on the company's balance sheet. Investors also form their own opinion of Kornit Digital's value that differs from its market value or its book value, called intrinsic value, which is Kornit Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kornit Digital's market value can be influenced by many factors that don't directly affect Kornit Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kornit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kornit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kornit Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.