Knight-Swift Transportation Holdings Inc (NYSE: KNX)’s stock price has increased by 1.75 compared to its previous closing price of 53.07. However, the company has seen a 0.63% increase in its stock price over the last five trading sessions. zacks.com reported 2024-10-28 that KNX’s third-quarter 2024 earnings and revenues decrease year over year.
Is It Worth Investing in Knight-Swift Transportation Holdings Inc (NYSE: KNX) Right Now?
Knight-Swift Transportation Holdings Inc (NYSE: KNX) has a price-to-earnings ratio of 234.07x that is above its average ratio. Additionally, the 36-month beta value for KNX is 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for KNX is 156.85M and currently, short sellers hold a 4.02% ratio of that float. The average trading volume of KNX on November 06, 2024 was 1.86M shares.
KNX’s Market Performance
KNX’s stock has seen a 0.63% increase for the week, with a 5.86% rise in the past month and a 3.59% gain in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 2.81% for Knight-Swift Transportation Holdings Inc The simple moving average for the last 20 days is 3.20% for KNX stock, with a simple moving average of 3.73% 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 “Buy.” The predicted price for KNX in the upcoming period, according to TD Cowen is $56 based on the research report published on October 24, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see KNX reach a price target of $55. The rating they have provided for KNX stocks is “Neutral” according to the report published on October 09th, 2024.
TD Cowen gave a rating of “Buy” to KNX, setting the target price at $57 in the report published on July 25th of the current year.
KNX Trading at 3.49% 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 -11.46% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares surge +4.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.56% upper at present.
During the last 5 trading sessions, KNX rose by +0.63%, which changed the moving average for the period of 200-days by -5.35% in comparison to the 20-day moving average, which settled at $52.33. In addition, Knight-Swift Transportation Holdings Inc saw -6.33% 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
- 0.1 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 0.53, with 0.29 for asset returns.
Based on Knight-Swift Transportation Holdings Inc (KNX), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 1.18.
Currently, EBITDA for the company is 1.08 billion with net debt to EBITDA at 2.04. 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 8.38for 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 1.01.
Conclusion
In conclusion, Knight-Swift Transportation Holdings Inc (KNX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
