Knight-Swift Transportation Holdings Inc (NYSE: KNX) has a higher price-to-earnings ratio of 72.65x compared to its average ratio, The 36-month beta value for KNX is at 0.94. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for KNX is 156.46M, and currently, shorts hold a 3.44% of that float. The average trading volume for KNX on July 24, 2024 was 2.07M shares.
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KNX) stock’s latest price update
Knight-Swift Transportation Holdings Inc (NYSE: KNX) has seen a decline in its stock price by -1.12 in relation to its previous close of 50.00. However, the company has experienced a -5.03% decline in its stock price over the last five trading sessions. zacks.com reported 2024-07-17 that Knight-Swift (KNX) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
KNX’s Market Performance
Knight-Swift Transportation Holdings Inc (KNX) has experienced a -5.03% fall in stock performance for the past week, with a 2.25% rise in the past month, and a 2.68% rise in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.40% for KNX. The simple moving average for the past 20 days is -0.42% for KNX’s stock, with a -5.60% simple moving average for the past 200 days.
Analysts’ Opinion of KNX
Wells Fargo, on the other hand, stated in their research note that they expect to see KNX reach a price target of $56. The rating they have provided for KNX stocks is “Overweight” according to the report published on June 07th, 2024.
Raymond James gave a rating of “Strong Buy” to KNX, setting the target price at $58 in the report published on May 15th of the current year.
KNX Trading at 1.38% 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 -18.94% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares surge +1.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.29% upper at present.
During the last 5 trading sessions, KNX fell by -5.03%, which changed the moving average for the period of 200-days by +1.35% in comparison to the 20-day moving average, which settled at $49.68. In addition, Knight-Swift Transportation Holdings Inc saw -14.24% 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
- 0.16 for the gross margin
The net margin for Knight-Swift Transportation Holdings Inc stands at 0.02. The total capital return value is set at 0.01. Equity return is now at value 1.57, with 0.94 for asset returns.
Based on Knight-Swift Transportation Holdings Inc (KNX), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.42. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 0.54.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 3.71. When we switch over and look at the enterprise to sales, we see a ratio of 1.42. The receivables turnover for the company is 7.8for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In conclusion, Knight-Swift Transportation Holdings Inc (KNX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
