What Does the Chart Say Wednesday?

Recently, the market has seen a decline in Kornit Digital Ltd. (KRNT). KRNT is given a Bearish Score by InvestorsObserver Stock Sentiment Indicator.

Kornit Digital Ltd shows a Bearish sentiment. Discover what this means to you and the rest of KRNT’s rankings!

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, like an earnings announcement or any other event that affects the company or stock could cause the stock to move in the direction of the recent trend.

Price movement is usually the best indicator for sentiment. Investors must be confident about a stock for it to rise. 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.

Options are another way to gauge sentiment. Options allow investors to bet on the price of an asset, so we look at the ratio between calls and puts.

What’s happening with KRNT today?

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 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. 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 differentiated solutions for digital printing in the DTG market, which provide solutions to challenges faced globally by participants within the printed textile industry. The company generates revenue by selling systems, inks and other consumables.

Click here to view the complete stock report for Kornit Digital Ltd.