Ratios Revealed: Decoding Kornit Digital Ltd (KRNT)’s Financial Health

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

The closing price of Kornit Digital Ltd (NASDAQ: KRNT) was $15.18 for the day, down -8.94% from the previous closing price of $16.67. In other words, the price has decreased by -$8.94 from its previous closing price. On the day, 0.72 million shares were traded. KRNT stock price reached its highest trading level at $16.51 during the session, while it also had its lowest trading level at $15.0.


Our analysis of KRNT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 11.81 and its Current Ratio is at 13.45. 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 724621888 and an Enterprise Value of 486595296. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.55 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 2.214 whereas that against EBITDA is -9.53.

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 -10.41%, while the 200-Day Moving Average is calculated to be -18.73%.

Shares Statistics:

KRNT traded an average of 430.42K shares per day over the past three months and 195600 shares per day over the past ten days. A total of 47.72M shares are outstanding, with a floating share count of 47.65M. Insiders hold about 0.18% of the company’s shares, while institutions hold 97.03% stake in the company. Shares short for KRNT as of 1713139200 were 780529 with a Short Ratio of 1.81, compared to 1710460800 on 1129645. Therefore, it implies a Short% of Shares Outstanding of 780529 and a Short% of Float of 1.6400000000000001.

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