The price-to-earnings ratio for Knight-Swift Transportation Holdings Inc (NYSE: KNX) is above average at 129.20x. The 36-month beta value for KNX is also noteworthy at 0.93. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for KNX is 156.82M, and at present, short sellers hold a 3.74% of that float. The average trading volume of KNX on September 25, 2024 was 1.97M shares.
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KNX) stock’s latest price update
The stock of Knight-Swift Transportation Holdings Inc (NYSE: KNX) has increased by 1.92 when compared to last closing price of 52.57.Despite this, the company has seen a gain of 2.10% in its stock price over the last five trading days. zacks.com reported 2024-09-24 that High costs related to driver wages, equipment, maintenance, fuel and other expenses do not bode well for KNX.
KNX’s Market Performance
KNX’s stock has risen by 2.10% in the past week, with a monthly drop of -1.09% and a quarterly rise of 11.23%. The volatility ratio for the week is 2.40% while the volatility levels for the last 30 days are 2.80% for Knight-Swift Transportation Holdings Inc. The simple moving average for the past 20 days is 3.10% for KNX’s stock, with a 1.60% simple moving average for the past 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 “Buy.” The predicted price for KNX in the upcoming period, according to TD Cowen is $57 based on the research report published on July 25, 2024 of the current year 2024.
Wells Fargo gave a rating of “Overweight” to KNX, setting the target price at $56 in the report published on June 07th of the current year.
KNX Trading at 3.06% 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 -12.15% of loss for the given period.
Volatility was left at 2.80%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares surge +0.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.65% upper at present.
During the last 5 trading sessions, KNX rose by +2.10%, which changed the moving average for the period of 200-days by -5.12% in comparison to the 20-day moving average, which settled at $51.99. In addition, Knight-Swift Transportation Holdings Inc saw -7.06% 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 GARNREITER MICHAEL, who sale 2,000 shares at the price of $50.57 back on Aug 13 ’24. After this action, GARNREITER MICHAEL now owns 17,648 shares of Knight-Swift Transportation Holdings Inc, valued at $101,140 using the latest closing price.
SYNOWICKI ROBERT E JR, the Director of Knight-Swift Transportation Holdings Inc, sale 2,500 shares at $53.32 during a trade that took place back on Aug 16 ’24, which means that SYNOWICKI ROBERT E JR is holding 21,833 shares at $133,289 based on the most recent closing price.
Stock Fundamentals for KNX
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.15 for the gross margin
The net margin for Knight-Swift Transportation Holdings Inc stands at 0.01. The total capital return value is set at 0.02. Equity return is now at value 0.95, with 0.56 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 0.39. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 1.21.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 2.89. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 8.51for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.
Conclusion
In summary, Knight-Swift Transportation Holdings Inc (KNX) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
