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Recently, the market has been on the decline for Kornit Digital Ltd. (KRNT). KRNT is given a Bearish Score by InvestorsObserver Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is an entirely technical, short-term indicator. The sentiment score contains no information about the profitability of the company.
As a technical indication, news about a stock or company such as releasing earnings or another event could move the counter of the stock to the current trend.
Price movement is usually the best indicator for sentiment. Investors must be confident about a stock for it to rise. Similarly, for a stock to be in a downtrend it must not be popular.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Volume increases can indicate a trend strengthening while volume decreases could indicate a reversal.
Options are another way to gauge sentiment. We consider the ratios of calls to puts when options are available.
What is the current KRNT stock price?
Kornit Digital Ltd (KRNT) stock is higher by 4.12% while the S&P 500 is lower by -0.38% as of 3:18 PM on Wednesday, Apr 26. KRNT gained $0.67 over the previous closing price at $16.28. Volume of 312,954 share has increased. Over the past year the S&P 500 is down -5.58% while KRNT is lower by -75.82%. KRNT shares have lost a total of -$1.59 over the past year.
To see InvestorsObserver’s Please click here to view the Kornit Digital Ltd Sentiment Score.
Find out more about Kornit Digital Ltd
Kornit Digital Ltd designs, develops and markets digital printing systems for the global textile industry. The company is focused on the DTG and DTF segments in the printed textiles industry. The company’s solutions include digital printers, inks and other consumables as well as software and value added services. These allow large-scale printing on short runs of complex designs and images directly onto finished garments or fabrics. It has created and offered a diverse portfolio of digital printing services for the DTG market, which provide solutions to the challenges that participants in global printed textile industries face. It earns revenue through the sale of ink, systems and other consumables as well as services including subscriptions to software.
Click Here to see the full stock report of Kornit Digital Ltd.