The market has been down on Kornit Digital Ltd (KRNT) stock recently. KRNT gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With KRNT Stock Today?
Kornit Digital Ltd (KRNT) stock is trading at $90.59 as of 3:12 PM on Friday, May 14, an increase of $4.85, or 5.66% from the previous closing price of $85.74. The stock has traded between $84.81 and $90.93 so far today. Volume today is elevated. So far 338,528 shares have traded compared to average volume of 253,120 shares.
To see the top 5 stocks in the Specialty Industrial Machinery industry click here.
More About Kornit Digital Ltd
Kornit Digital Ltd offers digital printing solutions for the printed textile industry. It manufactures and markets industrial and commercial printing solutions for the garment, apparel and fabric industry. The group's business is operated through United States, Europe and Asia Pacific with a wide network of distribution channels around the globe. The company's customers include custom decorators, online businesses, brand owners and contract printers and its majority of revenue is derived from the US division.
Click Here to get the full Stock Score Report on Kornit Digital Ltd (KRNT) Stock.
