Is This Stock a Screaming Buy: Kornit Digital Ltd. (NASDAQ:KRNT)

Equity Research firms currently have a positive stance on shares of Kornit Digital Ltd. (NASDAQ:KRNT). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $15.70 on a short term basis.

At the time of writing, the stock was trading at $9.98. This represents a change from the opening price of 2.73%. In terms of performance, year to date, the stock is -11.39%. The monthly stock performance comes in at -10.14%. For the quarter, shares are performing at -5.90%. Weekly performance analysis shows the equity at 2.24%.

In taking a look at technical levels, shares are trading -0.84% away from the 50 day simple moving average and -2.68% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -26.04% away from it’s 52- week high and 23.27% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Kornit Digital Ltd.’s RSI stands at 56.94. In looking at volatility levels, the shares saw weekly volatility of 3.13% and 4.71% over the past month.

Leave a Comment