The stock of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) decreased by -$1.06 on Wednesday to $57.46, down -1.81 percent. The last five days have seen an average of 1,188,032 shares of common stock traded. 7 times new highs were reached in the current year, with a gain of $5.03. The average number of shares traded over the last 20 days was 1,869,338, while the average volume over the last 50 days totaled 1,857,081.
KNX stock appreciated 3.89% since last month. On 07/17/23, the company’s shares reached a one-month low of $53.59. The stock touched a high of $64.35 on 02/02/23, after rallying from a low of $45.63 in 52 weeks. The price of KNX stock has risen by 9.64% or $5.03 this year, reaching a new high 7 times. Still, the stock price is down -10.71% from the 52-week high.
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Insider Transactions
KNX stock investors should be aware that Knight-Swift Transportation Holdings Inc. (KNX) stock had its last reported insider trading activity 14 days ago on Aug 02. On Aug 02, SVP and CAO Flanagan Cary M sold 2,000 shares at $59.00 each. This transaction resulted in the insider making $118,002. On Jul 28, KNIGHT KEVIN P sold 100,000 shares at a price of US$60.19. After the transaction, the insider now owns 1,497,360 shares. SVP Logistics/Intermodel Ohlman Dustin had earlier sold 1,296 shares on Jun 08 for $56.91 a share. The transaction was completed for $73,755.
Valuation Metrics
Knight-Swift Transportation Holdings Inc. (KNX) has a trailing price-to-earnings (P/E) ratio of 18.18. Beta for the stock is 1.17. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.35, the price-to-book (PB) ratio of 1.31, and the price-to-cash flow ratio of 22.20.
Company paid $0.14 per share in dividends, remained unchanged from $0.14 last year.
Financial Health
For the three months ended June 29, Knight-Swift Transportation Holdings Inc.’s quick ratio was 2.00, while its current ratio was 2.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.30, and the total debt to equity ratio is 0.31. As far as profitability goes, gross margin for the trailing twelve months is 64.30% percent. Knight-Swift Transportation Holdings Inc.’s EBITDA margin for the year ended June 29 was 22.91%, whereas its operating margin stood at 10.30% for the same period. Based on annual data, it had gross profit of $1.09 billion and revenue of $7.43 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KNX’s return on assets (ROA) during the last 12 months has been 4.60%. There was a 9.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.30%.
Earnings Surprise
According to Knight-Swift Transportation Holdings Inc.’s quarterly financial report for the quarter that ended June 29, it had $210.0 million in total debt versus $3.08 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.55 billion, while revenues fell by -26.28% to $1.64 billion. It was predicted that Knight-Swift Transportation Holdings Inc.’s quarterly earnings would be $0.49, but it ended up being $0.55, beating the consensus by -10.90%. EBITDA was $266.92 million for the quarter. At the end of Knight-Swift Transportation Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 4.36 billion, while its total debt was $2.42 billion. Equity owned by shareholders amounts to $161.29 million.
Technical Picture
Here’s a quick look at Knight-Swift Transportation Holdings Inc.’s (KNX) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 38.60%, suggesting the stock is Neutral, with a 19.29% historical volatility rate.
The stochastic %K and %D were 30.08% and 48.77% respectively, while the average true range (ATR) was 1.42. Based on the 14-day stochastic reading of 12.16%, the RSI (14) reading is 45.46%. On the 9-day MACD Oscillator, the stock is at -0.67, and the 14-day reading is at -0.95.
Analyst Ratings
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) was downgraded by Evercore ISI to a an In-line rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Knight-Swift Transportation Holdings Inc. (KNX) an Overweight rating. KNX is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 3 rates it overweight and 12 others recommend it as a buy.
What is KNX’s price target for the next 12 months?
The current consensus forecast for the stock is between $51.00 and $72.00, with a median target price of $62.50. In analyzing these forecasts, the average price target given by analysts for Knight-Swift Transportation Holdings Inc. (KNX) is $62.05.
