Kornit Digital Ltd (NASDAQ: KRNT) stock closed at $17.21 on 8/7/24 after a major increase of 20.3%. Moreover, trading volume in this advance was exceptionally high at 226% of normal. The stock has been weak relative to the market over the last nine months but has risen 9.8% 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 complementary signals. Kornit Digital has a slightly negative Appreciation Score of 37 and a very low Power Rating of 4, producing the Lowest Value Trend Rating.
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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