With 0.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.26 million shares. The 52-week range on KRNT shows that it touched its highest point at $34.28 and its lowest point at $13.59 during that stretch. It currently has a 1-year price target of $33.50. Beta for the stock currently stands at 2.11.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KRNT was down-trending over the past week, with a drop of -13.93%, but this was down by -17.55% over a month. Three-month performance dropped to -18.99% while six-month performance rose 23.47%. The stock gained 34.31% in the past year, while it has lost -18.93% so far this year. A look at the trailing 12-month EPS for KRNT yields -0.35 with Next year EPS estimates of 0.46. For the next quarter, that number is -0.04. This implies an EPS growth rate of 25.00% for this year and 84.57% for next year.
Float and Shares Shorts:
At present, 47.74 million KRNT shares are outstanding with a float of 47.64 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KRNT since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.26461 being high and $0.20111 being low. For KRNT, this leads to a yearly average estimate of $0.23286. Based on analyst estimates, the high estimate for the next quarter is $0.05 and the low estimate is $0.0. The average estimate for the next quarter is thus $0.02.
