Kornit Digital Ltd (NASDAQ: KRNT) stock enjoyed a major increase of 20.1% on 9/10/24. The shares closed at $21.88. Moreover, this advance was accompanied by exceptionally high trading volume at 254% of normal. Relative to the market the stock has been weak over the last nine months but has risen 17.8% during the last week.
Current PriceTarget Research Rating
KRNT is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Kornit Digital has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Kornit Digital has a poor Appreciation Score of 28 and a poor Power Rating of 16, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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