Kornit Digital Stock Probability of Future Stock Price Finishing Over 26.75
| KRNT Stock | USD 15.50 0.05 0.32% |
Closest to current price Kornit long CALL Option Payoff at Expiration
Kornit |
Kornit Digital Target Price Odds to finish over 26.75
The tendency of Kornit Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 26.75 or more in 90 days |
| 15.50 | 90 days | 26.75 | near 1 |
Based on a normal probability distribution, the odds of Kornit Digital to move over $ 26.75 or more in 90 days from now is near 1 (This Kornit Digital probability density function shows the probability of Kornit Stock to fall within a particular range of prices over 90 days) . Probability of Kornit Digital price to stay between its current price of $ 15.50 and $ 26.75 at the end of the 90-day period is roughly 97.0 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.71 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Kornit Digital will likely underperform. Additionally Kornit Digital has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Kornit Digital Price Density |
| Price |
Predictive Modules for Kornit Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Kornit Digital. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kornit Digital's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Kornit Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Kornit Digital is not an exception. The market had few large corrections towards the Kornit Digital's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Kornit Digital, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Kornit Digital within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.16 | |
β | Beta against NYSE Composite | 2.71 | |
σ | Overall volatility | 1.00 | |
Ir | Information ratio | -0.02 |
Kornit Digital Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Kornit Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Kornit Digital can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Kornit Digital generated a negative expected return over the last 90 days | |
| Kornit Digital has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 205.94 M. Net Loss for the year was (64.35 M) with profit before overhead, payroll, taxes, and interest of 96.5 M. | |
| Kornit Digital currently holds about 447.42 M in cash with (34.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.98. | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from globenewswire.com: Kornit Digital Sets First Quarter 2024 Earnings Release Date and Webcast |
Kornit Digital Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Kornit Stock often depends not only on the future outlook of the current and potential Kornit Digital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Kornit Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.2 M | |
| Cash And Short Term Investments | 332.5 M |
Kornit Digital Technical Analysis
Kornit Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Kornit Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Kornit Digital. In general, you should focus on analyzing Kornit Stock price patterns and their correlations with different microeconomic environments and drivers.
Kornit Digital Predictive Forecast Models
Kornit Digital's time-series forecasting models is one of many Kornit Digital's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Kornit Digital's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Kornit Digital
Checking the ongoing alerts about Kornit Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Kornit Digital help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Kornit Digital generated a negative expected return over the last 90 days | |
| Kornit Digital has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 205.94 M. Net Loss for the year was (64.35 M) with profit before overhead, payroll, taxes, and interest of 96.5 M. | |
| Kornit Digital currently holds about 447.42 M in cash with (34.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.98. | |
| Over 100.0% of the company shares are owned by institutional investors | |
| Latest headline from globenewswire.com: Kornit Digital Sets First Quarter 2024 Earnings Release Date and Webcast |
Check out Kornit Digital Backtesting, Kornit Digital Valuation, Kornit Digital Correlation, Kornit Digital Hype Analysis, Kornit Digital Volatility, Kornit Digital History as well as Kornit Digital Performance. For more information on how to buy Kornit Stock please use our How to Invest in Kornit Digital guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Kornit Stock analysis
When running Kornit Digital's price analysis, check to measure Kornit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kornit Digital is operating at the current time. Most of Kornit Digital's value examination focuses on studying past and present price action to predict the probability of Kornit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kornit Digital's price. Additionally, you may evaluate how the addition of Kornit Digital to your portfolios can decrease your overall portfolio volatility.
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Is Kornit Digital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kornit Digital. If investors know Kornit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kornit Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.84) | Earnings Share (1.31) | Revenue Per Share 4.471 | Quarterly Revenue Growth (0.11) | Return On Assets (0.05) |
The market value of Kornit Digital is measured differently than its book value, which is the value of Kornit that is recorded on the company's balance sheet. Investors also form their own opinion of Kornit Digital's value that differs from its market value or its book value, called intrinsic value, which is Kornit Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kornit Digital's market value can be influenced by many factors that don't directly affect Kornit Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kornit Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kornit Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kornit Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.