As of close of business last night, Kornit Digital Ltd’s stock clocked out at $17.43, up 1.34% from its previous closing price of $17.20. In other words, the price has increased by $+0.23 from its previous closing price. On the day, 232220 shares were traded.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Ratios:
To gain a deeper understanding of KRNT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.21 and its Current Ratio is at 10.58. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On August 10, 2023, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $29.
Barclays Downgraded its Overweight to Equal Weight on February 16, 2023, whereas the target price for the stock was revised from $34 to $28.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KRNT now has a Market Capitalization of 858.15M and an Enterprise Value of 549.26M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.09 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 2.50 whereas that against EBITDA is -7.54.
Stock Price History:
Over the past 52 weeks, KRNT has reached a high of $31.94, while it has fallen to a 52-week low of $13.29. The 50-Day Moving Average of the stock is 17.61, while the 200-Day Moving Average is calculated to be 20.56.
Shares Statistics:
It appears that KRNT traded 546.16K shares on average per day over the past three months and 550.94k shares per day over the past ten days. A total of 50.00M shares are outstanding, with a floating share count of 49.95M. Insiders hold about 0.09% of the company’s shares, while institutions hold 94.46% stake in the company. Shares short for KRNT as of Feb 29, 2024 were 1.06M with a Short Ratio of 2.07, compared to 933.64k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.15% and a Short% of Float of 2.15%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.15, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.01 and low estimates of -$0.03.
Analysts are recommending an EPS of between $0.2 and -$0.06 for the fiscal current year, implying an average EPS of $0.1. EPS for the following year is $0.37, with 5 analysts recommending between $0.45 and $0.31.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $45.17M. It ranges from a high estimate of $46.3M to a low estimate of $43M. As of the current estimate, Kornit Digital Ltd’s year-ago sales were $48M, an estimated decrease of -5.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $53.45M, a decrease of -4.90% over than the figure of -$5.90% in the same quarter last year. There is a high estimate of $55.47M for the next quarter, whereas the lowest estimate is $50.5M.
A total of 6 analysts have provided revenue estimates for KRNT’s current fiscal year. The highest revenue estimate was $229.9M, while the lowest revenue estimate was $220.1M, resulting in an average revenue estimate of $225.39M. In the same quarter a year ago, actual revenue was $219.79M, up 2.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $257.53M in the next fiscal year. The high estimate is $270.71M and the low estimate is $249M. The average revenue growth estimate for next year is up 14.30% from the average revenue estimate for this year.
