Somewhat Positive Media Coverage Somewhat Unlikely to Impact Kornit Digital (KRNT) Share Price
News articles about Kornit Digital (NASDAQ:KRNT) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kornit Digital earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 45.9557842630828 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Kornit Digital Ltd. breached its 50 day moving average in a Bearish Manner : KRNT-US : December 13, 2017 (finance.yahoo.com)
- Brokerages Expect Kornit Digital Ltd (KRNT) to Announce $0.06 Earnings Per Share (americanbankingnews.com)
- BidaskClub Downgrades Kornit Digital (KRNT) to Sell (americanbankingnews.com)
- Kornit Digital Ltd (KRNT) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
Shares of Kornit Digital (NASDAQ:KRNT) traded down $0.05 on Wednesday, hitting $15.70. The company’s stock had a trading volume of 231,100 shares, compared to its average volume of 338,476. The firm has a market capitalization of $529.61 and a PE ratio of 78.75. Kornit Digital has a 12 month low of $12.05 and a 12 month high of $23.15.
A number of equities research analysts have issued reports on KRNT shares. Craig Hallum lowered their price target on Kornit Digital from $20.00 to $26.00 in a research report on Thursday, September 28th. Barclays set a $17.00 price target on Kornit Digital and gave the company a “buy” rating in a research report on Wednesday, November 15th. Needham & Company LLC lowered their price target on Kornit Digital from $22.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Canaccord Genuity reissued a “buy” rating and set a $18.00 price target (down previously from $24.00) on shares of Kornit Digital in a research report on Wednesday, September 27th. Finally, Stifel Nicolaus lowered their price target on Kornit Digital from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.67.
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About Kornit Digital
Kornit Digital Ltd. develops, designs and markets digital printing solutions for the global printed textile industry. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services. Its customers include custom decorators, online businesses, brand owners and contract printers.
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