The chart of Kornit Digital Ltd. (KRNT) shows a double top with $34.51 target or 8.00 % above today’s $31.95 share price. The 7 months chart pattern indicates low risk for the $1.30B company. It was reported on Dec, 10 by Finviz.com. If the $34.51 price target is reached, the company will be worth $104.00 million more. Double tops are rare but powerful chart patterns.
The stock decreased 0.44% or $0.14 during the last trading session, reaching $31.95. About 5,447 shares traded. Kornit Digital Ltd. (NASDAQ:KRNT) has risen 61.36% since December 10, 2018 and is uptrending. It has outperformed by 61.36% the S&P500.
More notable recent Kornit Digital Ltd. (NASDAQ:KRNT) news were published by: Nasdaq.com which released: “BUZZ-U.S. STOCKS ON THE MOVE-Retail stocks, CRISPR Therapeutics, Slack Technologies – Nasdaq” on November 19, 2019, also Globenewswire.com with their article: “Kornit Digital Announces Date for Third Quarter 2019 Earnings Results – GlobeNewswire” published on October 28, 2019, Finance.Yahoo.com published: “Why Kornit Digital Ltd.â€™s (NASDAQ:KRNT) Return On Capital Employed Looks Uninspiring – Yahoo Finance” on October 03, 2019. More interesting news about Kornit Digital Ltd. (NASDAQ:KRNT) were released by: Finance.Yahoo.com and their article: “Markforged Appoints Shai Terem as President and Chief Operating Officer – Yahoo Finance” published on December 03, 2019 as well as Finance.Yahoo.com‘s news article titled: “Hedge Funds Rushed Into Centennial Resource Development, Inc. (CDEV) Too Early – Yahoo Finance” with publication date: December 05, 2019.
Kornit Digital Ltd. designs, develops, and markets digital printing solutions for printed textile industry. The company has market cap of $1.30 billion. It offers direct-to-garment printers from smaller commercial operators to mass producers; NeoPigment ink and other consumables; Vulcan, a digital substitution for carousel screen printing; Allegro roll to roll printers; QuickP Designer software; and value added services, such as maintenance and support, and professional services. It has a 161.36 P/E ratio. The firm serves decorators, online businesses, brand owners, and contract printers.
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