Knight-Swift Transportation Holdings Inc (KNX): A Technical Analysis

Knight-Swift Transportation Holdings Inc (NYSE: KNX) has a higher price-to-earnings ratio of 40.39x compared to its average ratio. KNX has 36-month beta value of 1.00. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 1 as “sell.”

The public float for KNX is 156.27M, and currently, short sellers hold a 2.00% ratio of that float. The average trading volume of KNX on April 03, 2024 was 2.03M shares.

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KNX) stock’s latest price update

Knight-Swift Transportation Holdings Inc (NYSE: KNX)’s stock price has soared by 1.46 in relation to previous closing price of 53.38. Nevertheless, the company has seen a gain of 2.71% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-14 that Knight-Swift’s (KNX) shareholder-friendly measures look encouraging. However, a rise in operating expenses and high debt are likely to hurt the bottom line.

KNX’s Market Performance

Knight-Swift Transportation Holdings Inc (KNX) has experienced a 2.71% rise in stock performance for the past week, with a -1.11% drop in the past month, and a -5.66% drop in the past quarter. The volatility ratio for the week is 1.95%, and the volatility levels for the past 30 days are at 2.30% for KNX. The simple moving average for the last 20 days is -0.42% for KNX’s stock, with a simple moving average of -1.05% for the last 200 days.

Analysts’ Opinion of KNX

Many brokerage firms have already submitted their reports for KNX stocks, with TD Cowen repeating the rating for KNX by listing it as a “Outperform.” The predicted price for KNX in the upcoming period, according to TD Cowen is $61 based on the research report published on November 29, 2023 of the previous year 2023.

JP Morgan, on the other hand, stated in their research note that they expect to see KNX reach a price target of $57, previously predicting the price at $54. The rating they have provided for KNX stocks is “Neutral” according to the report published on October 20th, 2023.

Evercore ISI gave a rating of “In-line” to KNX, setting the target price at $52 in the report published on July 21st of the previous year.

KNX Trading at -4.17% 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 -11.20% of loss for the given period.

Volatility was left at 2.30%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares sank -2.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.16% lower at present.

During the last 5 trading sessions, KNX rose by +2.61%, which changed the moving average for the period of 200-days by -3.38% in comparison to the 20-day moving average, which settled at $54.32. In addition, Knight-Swift Transportation Holdings Inc saw -6.05% in overturn over a single year, with a tendency to cut further losses.

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 $56.24 back on Feb 29 ’24. After this action, Flanagan Cary M now owns 5,118 shares of Knight-Swift Transportation Holdings Inc, valued at $112,490 using the latest closing price.

Harrington Timothy Sean, the Exec Vice Pres Sales of Knight-Swift Transportation Holdings Inc, sale 1,200 shares at $52.00 during a trade that took place back on Nov 17 ’23, which means that Harrington Timothy Sean is holding 5,278 shares at $62,400 based on the most recent closing price.

Stock Fundamentals for KNX

Current profitability levels for the company are sitting at:

  • 0.01 for the present operating margin
  • 0.19 for the gross margin

The net margin for Knight-Swift Transportation Holdings Inc stands at 0.03. The total capital return value is set at 0.01. Equity return is now at value 3.09, with 1.78 for asset returns.

Based on Knight-Swift Transportation Holdings Inc (KNX), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 0.46.

Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 3.79. When we switch over and look at the enterprise to sales, we see a ratio of 1.53. The receivables turnover for the company is 7.39for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.

Conclusion

To put it simply, Knight-Swift Transportation Holdings Inc (KNX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.

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