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Knight-Swift Transportation Holdings Inc.’s (KNX) Stock: A Long-Term Performance Analysis

The stock of Knight-Swift Transportation Holdings Inc. (KNX) has seen a 3.05% increase in the past week, with a -4.16% drop in the past month, and a -2.42% decrease in the past quarter. The volatility ratio for the week is 3.09%, and the volatility levels for the past 30 days are at 2.40% for KNX. The simple moving average for the last 20 days is -0.92% for KNX stock, with a simple moving average of -4.53% for the last 200 days.

Is It Worth Investing in Knight-Swift Transportation Holdings Inc. (NYSE: KNX) Right Now?

The price-to-earnings ratio for Knight-Swift Transportation Holdings Inc. (NYSE: KNX) is above average at 16.97x, while the 36-month beta value is 1.18.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 1 as “sell.”

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The average price point forecasted by analysts for Knight-Swift Transportation Holdings Inc. (KNX) is $62.00, which is $8.31 above the current market price. The public float for KNX is 156.13M, and currently, short sellers hold a 2.61% ratio of that floaft. The average trading volume of KNX on September 19, 2023 was 1.83M shares.

KNX) stock’s latest price update

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has seen a rise in its stock price by 0.39 in relation to its previous close of 53.43. However, the company has experienced a 3.05% gain in its stock price over the last five trading sessions. Business Wire reported 2023-08-10 that PHOENIX–(BUSINESS WIRE)–Knight-Swift Transportation Holdings Inc. (NYSE: KNX) announced today that David Jackson, President and Chief Executive Officer, Adam Miller, Chief Financial Officer, and Brad Stewart, Treasurer and Senior Vice President of Investor Relations, are scheduled to participate in the following upcoming transportation conference: Morgan Stanley 11th Annual Laguna Conference – Thursday, September 14, 2023 Waldorf Astoria, Dana Point, CA Dave Jackson, President and Chief Execu.

Analysts’ Opinion of KNX

Many brokerage firms have already submitted their reports for KNX stocks, with Evercore ISI repeating the rating for KNX by listing it as a “In-line.” The predicted price for KNX in the upcoming period, according to Evercore ISI is $52 based on the research report published on July 21, 2023 of the current year 2023.

KNX Trading at -4.86% from the 50-Day Moving Average

After a stumble in the market that brought KNX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.64% of loss for the given period.

Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares sank -4.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.01% lower at present.

During the last 5 trading sessions, KNX rose by +3.05%, which changed the moving average for the period of 200-days by -2.10% in comparison to the 20-day moving average, which settled at $54.00. In addition, Knight-Swift Transportation Holdings Inc. saw 2.35% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at KNX starting from Flanagan Cary M, who sale 2,000 shares at the price of $59.00 back on Aug 02. After this action, Flanagan Cary M now owns 5,880 shares of Knight-Swift Transportation Holdings Inc., valued at $118,002 using the latest closing price.

KNIGHT KEVIN P, the Executive Chairman of Knight-Swift Transportation Holdings Inc., sale 100,000 shares at $60.19 during a trade that took place back on Jul 28, which means that KNIGHT KEVIN P is holding 1,497,360 shares at $6,018,680 based on the most recent closing price.

Stock Fundamentals for KNX

Current profitability levels for the company are sitting at:

  • +13.46 for the present operating margin
  • +18.52 for the gross margin

The net margin for Knight-Swift Transportation Holdings Inc. stands at +10.38. The total capital return value is set at 11.68, while invested capital returns managed to touch 9.24. Equity return is now at value 7.30, with 4.60 for asset returns.

Based on Knight-Swift Transportation Holdings Inc. (KNX), the company’s capital structure generated 24.05 points at debt to equity in total, while total debt to capital is 19.39. Total debt to assets is 15.00, with long-term debt to equity ratio resting at 22.49. Finally, the long-term debt to capital ratio is 18.13.

When we switch over and look at the enterprise to sales, we see a ratio of 1.45, with the company’s debt to enterprise value settled at 0.17. The receivables turnover for the company is 7.98 and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.

Conclusion

In a nutshell, Knight-Swift Transportation Holdings Inc. (KNX) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.