What You Need To Know About Knight-Swift Transportation Holdings Inc. (KNX)


Knight-Swift Transportation Holdings Inc. (NYSE:KNX) traded with a subtraction of -$0.78 to $47.57 on Thursday, a downside of -1.61 percent. An average of 1,811,110 shares of common stock have been traded in the last five days. There was a fall of -$0.95 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,665,613 shares traded, while the 50-day average volume stands at 1,609,407.

KNX stock has decreased by -11.71% in the last month. The company shares reached their 1-month lowest point of $46.38 on 09/16/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $42.50 and a high of $62.29 in 52 weeks. It has reached a new high 1 time so far this year and lost -20.66% or -$13.29 in price. In spite of this, the price is down -23.63% from the 52-week high.

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Insider Transactions

55 days have passed since Knight-Swift Transportation Holdings Inc. (KNX) last reported insider trading activity. Updike James E. Jr., who is EVP Sales & Mkt, Knight Trans., most recently acquired $2,400 shares at $55.18 per share on Jul 29. In this transaction, the insider spent $132,432. Director, GARNREITER MICHAEL, disposed of 2,000 shares at a price of $54.37 on Feb 25. The insider now owns more than $108,741 worth of shares. Prior to that, VP Intermodal Ohlman Dustin went on to Sale 2,022 shares at $57.16 each on Feb 09. An amount of $115,578 was transacted.

Valuation Metrics

Knight-Swift Transportation Holdings Inc. (KNX) has a trailing price-to-earnings (P/E) ratio of 9.04. The stock’s beta is 1.26. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.08, the price-to-book (PB) ratio at 1.19, and the price-to-cash flow ratio at 9.88.

The company has a payout ratio of 8.20%. The company’s most recent quarterly dividend payment was $0.12 a share, without any change from last year. Its latest increase dividend $0.02 reported on Monday February 7 2022.

Financial Health

The quick ratio of Knight-Swift Transportation Holdings Inc. for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.27 and a total debt to equity ratio of 0.30 for the quarter ending June 29. Its gross profit as reported stood at $965.7 million compared to revenue of $6.0 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Knight-Swift Transportation Holdings Inc.’s return on assets was 8.40%.

Earnings Surprise

For the three-month period that ended June 29, Knight-Swift Transportation Holdings Inc. had $7.86 million in cash and short-term investments compared to $129.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $219.49 million in the quarter, while revenues were grew 30.38%. The analyst consensus anticipated Knight-Swift Transportation Holdings Inc.’s latest quarter earnings to come in at $1.35 per share, but it turned out to be $1.41, a 4.40% surprise. For the quarter, EBITDA amounted to $489.48 million. Shareholders own equity worth $160.66 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Knight-Swift Transportation Holdings Inc. (KNX) price momentum. RSI 9-day as of the close on 21 September was 32.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.05%.

As of today, KNX’s price is $48.31 -1.97% or -$0.95 from its 5-day moving average. KNX is currently trading -11.24% lower than its 20-day SMA and -0.51% lower than its 100-day SMA. However, the stock’s current price level is -1.86% below the SMA50 and -20.10% below the SMA200.

The stochastic %K and %D were 29.86% and 35.66%, respectively, and the average true range (ATR) was 1.43. With the 14-day stochastic at 22.51% and the average true range at 1.42, the RSI (14) stands at 35.82%. The stock has reached -0.91 on the 9-day MACD Oscillator while the 14-day reading was at -1.27.

Analyst Ratings

Wolfe Research upgraded Knight-Swift Transportation Holdings Inc. (NYSE: KNX) to a a Peer perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Knight-Swift Transportation Holdings Inc. (KNX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell KNX, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 15 others rate it as a “buy”.


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