Kornit Digital Ltd (NASDAQ:KRNT) shares traded -5.32% lower at $27.60 on Wall Street last session.
KRNT stock price is now -9.72% away from the 50-day moving average and 21.75% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
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With the price target of $39, Cantor Fitzgerald recently initiated with Overweight rating for Kornit Digital Ltd (NASDAQ: KRNT). On November 09, 2023, Craig Hallum Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $23, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Ben Zur Ofer, Director bought 6,170 shares of the company’s stock on Dec 16 ’24. The stock was bought for $198,057 at an average price of $32.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14 ’24, Director Cohen Yuval bought 29,610 shares of the business’s stock. A total of $941,302 was incurred on buying the stock at an average price of $31.79. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Kornit Digital Ltd has had a low of $13.59 and a high of $34.28. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 13.88, and a quick ratio of 12.52. The fifty day moving average price for KRNT is $30.5717 and a two-hundred day moving average price translates $22.67025 for the stock.
The latest earnings results from Kornit Digital Ltd (NASDAQ: KRNT) was released for 2024-12-31. The net profit margin was -8.38% and return on equity was -2.21% for KRNT. The company reported revenue of $50.73 million for the quarter, compared to $59.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.34 percent.
