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Recently, the market has seen a decline in 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 trend indicator, news releases or events about the company or stock could cause the counter to move in the direction of the current trend.
The price action is the best indication of sentiment. To make a stock rise, investors have to be positive about it. A stock in a downward trend must also be unpopular.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Volume increases can indicate a trend strengthening while volume decreases could signal an impending reversal.
The options market can also provide signals on 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 has lost -$1.59 in the past 12 months.
To see InvestorsObserver’s Click here to see the Sentiment Score of Kornit Digital Ltd.
Learn More About Kornit Digital Ltd
Kornit Digital Ltd is a digital printing solution provider for the global printed fabric industry. The company is focused on the DTG and DTF segments in the printed textiles industry. Its solutions consist of digital printing systems and inks as well other consumables. They also include software and value-added service that allows for large-scale print of short runs with complex images and patterns directly on finished fabrics and garments. 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 view the complete stock report for Kornit Digital Ltd.