Kornit Digital Stock Technical Analysis

KRNT Stock  USD 15.88  0.67  4.40%   
As of the 28th of April, Kornit Digital secures the Risk Adjusted Performance of 0.0197, mean deviation of 2.26, and Downside Deviation of 2.82. Kornit Digital technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Kornit Digital, which can be compared to its peers in the industry. Please verify Kornit Digital variance and potential upside to decide if Kornit Digital is priced some-what accurately, providing market reflects its recent price of 15.88 per share. Given that Kornit Digital has jensen alpha of (0.16), we recommend you to check Kornit Digital's last-minute market performance to make sure the company can sustain itself at a future point.

Kornit Digital Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Kornit, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Kornit
  
Kornit Digital's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Kornit Digital Analyst Consensus

Target PriceAdvice# of Analysts
29.67Strong Buy6Odds
Kornit Digital current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Kornit analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Kornit stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Kornit Digital, talking to its executives and customers, or listening to Kornit conference calls.
Kornit Analyst Advice Details
Kornit Digital technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Kornit Digital technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Kornit Digital trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Kornit Digital Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Kornit Digital volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Kornit Digital Trend Analysis

Use this graph to draw trend lines for Kornit Digital. You can use it to identify possible trend reversals for Kornit Digital as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Kornit Digital price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Kornit Digital Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Kornit Digital applied against its price change over selected period. The best fit line has a slop of   0.04  , which may suggest that Kornit Digital market price will keep on failing further. It has 122 observation points and a regression sum of squares at 71.87, which is the sum of squared deviations for the predicted Kornit Digital price change compared to its average price change.

About Kornit Digital Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Kornit Digital on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Kornit Digital based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Kornit Digital price pattern first instead of the macroeconomic environment surrounding Kornit Digital. By analyzing Kornit Digital's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Kornit Digital's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Kornit Digital specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding56.4590.55165.95174.24
PTB Ratio7.791.321.181.12

Kornit Digital April 28, 2024 Technical Indicators

Most technical analysis of Kornit help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Kornit from various momentum indicators to cycle indicators. When you analyze Kornit charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Complementary Tools for Kornit Stock analysis

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.