The stock of Knight-Swift Transportation Holdings Inc (KNX) has seen a -1.91% decrease in the past week, with a 6.10% gain in the past month, and a 4.67% flourish in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 3.07% for KNX. The simple moving average for the past 20 days is 1.41% for KNX’s stock, with a 7.71% simple moving average for the past 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 242.78x. The 36-month beta value for KNX is also noteworthy at 0.94. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
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The public float for KNX is 156.88M, and at present, short sellers hold a 4.30% of that float. The average trading volume of KNX on November 21, 2024 was 1.89M shares.
KNX) stock’s latest price update
Knight-Swift Transportation Holdings Inc (NYSE: KNX)’s stock price has decreased by -0.85 compared to its previous closing price of 56.49. However, the company has seen a -1.91% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-11-19 that The Zacks Industry Rank for the Transportation-Truck industry paints a dull picture mainly due to the slowdown in freight demand. We believe stocks like JBHT, SAIA and KNX are better positioned to escape industry challenges presently.
Analysts’ Opinion of KNX
Many brokerage firms have already submitted their reports for KNX stocks, with Citigroup repeating the rating for KNX by listing it as a “Sell.” The predicted price for KNX in the upcoming period, according to Citigroup is $56 based on the research report published on November 12, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see KNX reach a price target of $56, previously predicting the price at $55. The rating they have provided for KNX stocks is “Buy” according to the report published on October 24th, 2024.
Citigroup gave a rating of “Neutral” to KNX, setting the target price at $55 in the report published on October 09th of the current year.
KNX Trading at 4.87% 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 -8.17% of loss for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +6.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.62% upper at present.
During the last 5 trading sessions, KNX fell by -1.91%, which changed the moving average for the period of 200-days by -6.85% in comparison to the 20-day moving average, which settled at $55.23. In addition, Knight-Swift Transportation Holdings Inc saw -2.84% 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 Vander Ploeg David, who sale 500 shares at the price of $57.10 back on Nov 14 ’24. After this action, Vander Ploeg David now owns 30,729 shares of Knight-Swift Transportation Holdings Inc, valued at $28,552 using the latest closing price.
KNIGHT KEVIN P, the Executive Chairman of Knight-Swift Transportation Holdings Inc, sale 29,779 shares at $57.19 during a trade that took place back on Nov 13 ’24, which means that KNIGHT KEVIN P is holding 0 shares at $1,702,960 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 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 1.18.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 3.3. When we switch over and look at the enterprise to sales, we see a ratio of 1.64. 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 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.
