Knight-Swift Transportation Holdings Inc. (NYSE:KNX) saw a downside of -1.86% to close Tuesday at $55.52 after subtracting -$1.05 on the day. The 5-day average trading volume is 1,516,620 shares of the company’s common stock. It has gained $58.81 in the past week and touched a new high 1 time within the past 5 days. An average of 1,619,525 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,879,678.
KNX’s 1-month performance is -3.41% or -$0.80 on its low of $55.15 reached on 08/22/23. The company’s shares have touched a 52-week low of $45.63 and high of $64.35, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, KNX has achieved 5.93% or $3.11 and has reached a new high 7 times. However, the current price is down -13.72% from the 52-week high price.
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Insider Transactions
KNX stock investors last saw insider trading activity on Aug 02.Flanagan Cary M (SVP and CAO) most recently sold 2,000 shares at $59.00 per share on Aug 02. This transaction cost the insider $118,002. Executive Chairman, KNIGHT KEVIN P, sold 100,000 shares at a price of $60.19 on Jul 28. Then, on Jun 08, SVP Logistics/Intermodel Ohlman Dustin sold 1,296 shares at a price of $56.91 per share. This transaction amounted to $73,755.
Valuation Metrics
KNX stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.30 while the price-to-book (PB) in the most recent quarter is 1.27, with the price to cash flow ratio at 21.41.
Knight-Swift Transportation Holdings Inc.’s quick ratio for the period ended June 29 was 2.00, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.30, while the total debt to equity was 0.31.. In terms of profitability, the gross margin trailing 12 months is 64.30%. The trailing 12-month EBITDA margin is 22.91% while for the period ending June 29, Knight-Swift Transportation Holdings Inc.’s operating margin was 10.30%. The firm’s gross profit as reported stood at $1.09 billion against revenue of $7.43 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -246.58% to $63.33 million, while revenue of $104.28 million was -64.66% off the previous quarter. Analysts expected KNX to announce $0.55 per share in earnings in its latest quarter, but it posted $0.49, representing a -10.90% surprise. EBITDA for the quarter stood at more than $266.92 million. KNX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.36 billion, with total debt at $2.42 billion. Shareholders hold equity totaling $161.29 million.
Let’s look briefly at Knight-Swift Transportation Holdings Inc. (KNX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 31.45% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.06%.
The stock’s 5-day moving average is $56.29, reflecting a -5.13% or -$3.00 change from its current price. KNX is currently trading -3.91% above its 20-day SMA, +0.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.39% and SMA200 by+17.38%.
Stochastic %K and %D was 16.57% and 13.79% and the average true range (ATR) pointed at 1.42. The RSI (14) points at 38.70%, while the 14-day stochastic is at 6.47% with the period’s ATR at 1.44. The stock’s 9-day MACD Oscillator is pointing at -1.51 and -2.33 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Knight-Swift Transportation Holdings Inc. (NYSE: KNX), Evercore ISI downgraded it to an In-line rating. They previously had an Outperform rating on the stock. Analysts offering their rating for KNX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate KNX as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 12 have offered a “buy” rating.
What is KNX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $51.00 and a high of $72.00, with their median price target at $62.50. Looking at these predictions, the average price target given by analysts is for Knight-Swift Transportation Holdings Inc. (KNX) stock is $62.05.
