News stories about Kornit Digital (NASDAQ:KRNT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kornit Digital earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.2660631886099 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Kornit Digital stock traded up $0.35 during trading on Thursday, hitting $17.60. The company’s stock had a trading volume of 65,700 shares, compared to its average volume of 293,797. The firm has a market cap of $591.80 million, a price-to-earnings ratio of 143.75 and a beta of 0.30. Kornit Digital has a 52 week low of $11.70 and a 52 week high of $21.80.
Kornit Digital (NASDAQ:KRNT) last issued its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.08. The company had revenue of $31.10 million during the quarter, compared to analyst estimates of $29.42 million. Kornit Digital had a net margin of 0.24% and a return on equity of 2.54%. Kornit Digital’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned ($0.02) EPS. equities analysts anticipate that Kornit Digital will post 0.25 EPS for the current fiscal year.
KRNT has been the subject of several research reports. Canaccord Genuity upped their price objective on shares of Kornit Digital from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, June 8th. Stifel Nicolaus initiated coverage on shares of Kornit Digital in a research note on Thursday, June 7th. They issued a “buy” rating and a $21.00 price target for the company. Zacks Investment Research upgraded shares of Kornit Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 18th. Finally, BidaskClub upgraded shares of Kornit Digital from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.50.
About Kornit Digital
Kornit Digital Ltd. develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. The company focuses on the direct-to-garment and roll-to-roll segments of the printed textile industry. Its solutions include digital printing systems, ink and other consumables, associated software, and value added services.
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