Kornit Digital (KRNT) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Kornit Digital (KRNT) - Kornit Digital currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, KRNT shares have increased by 32.31%, significantly outperforming the Zacks Commercial Printing industry, which rose by 1.63% [5] - In a longer timeframe, KRNT shares have gained 60% over the past quarter and 73.89% over the last year, while the S&P 500 has only increased by 9.45% and 33.9%, respectively [6] Trading Volume - The average 20-day trading volume for KRNT is 302,623 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for KRNT have been revised upwards, increasing the consensus estimate from $0.16 to$0.24 [9] - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [9]