For its third fiscal quarter (ending September 30), Kornit Digital Ltd (NASDAQ: KRNT) has reported a -88% decline in E.P.S. from $-0.17 a year ago to $-0.02 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-0.88 compared to $-1.55 a year ago — a decline of -43%.
Recent Price Action
On 11/6/24, Kornit Digital Ltd (NASDAQ: KRNT) stock enjoyed a major increase of 21.3%, closing at $29.40. Moreover, trading volume in this advance was exceptionally high at 266% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 18.8% 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kornit Digital has a poor Appreciation Score of 24 but a very high Power Rating of 87, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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