At the last check on Thursday, Knight-Swift Transportation Holdings Inc.’s (NYSE:KNX) stock was down -$1.02, moving down -1.93 percent to $51.76. The average number of shares traded per day over the past five days has been 1,632,122 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.58 fall in that time frame. In the last twenty days, the average volume was 1,759,676, while in the previous 50 days, it was 1,776,904.
Since last month, KNX stock retreated -6.77%. Shares of the company fell to $50.76 on 09/13/23, the lowest level in the past month. A 52-week high of $64.35 was reached on 02/02/23 after having rallying from a 52-week low of $45.63. Since the beginning of this year, KNX’s stock price has dropped by -1.24% or -$0.42, and marked a new high 7 times. However, the stock has declined by -19.56% since its 52-week high.
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KNX stock investors should be aware that Knight-Swift Transportation Holdings Inc. (KNX) stock had its last reported insider trading activity 50 days ago on Aug 02. Flanagan Cary M, the SVP and CAO of the company, disposed of 2,000 shares for $59.00 on Aug 02. It resulted in a $118,002 divestment by the insider. KNIGHT KEVIN P sold 100,000 shares at an average price of $60.19 on Jul 28. The insider now owns 1,497,360 shares following the transaction. On Jun 08, SVP Logistics/Intermodel Ohlman Dustin sold 1,296 shares at $56.91 apiece. The transaction was valued at $73,755.
Valuation Metrics
Right now, Knight-Swift Transportation Holdings Inc. (KNX) has a P/E ratio of about 16.37. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 1.23, the price-to-book (PB) ratio of 1.18, and the price-to-cash flow ratio of 20.16 may also be considered.
The latest dividend of $0.14 per share was paid out, remained unchanged from last year’s $0.14. On Friday February 3 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Knight-Swift Transportation Holdings Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.30, and the total debt-to-equity ratio was 0.31. On the profitability front, the trailing twelve-month gross margin is 64.30% percent. In the year ended June 29, EBITDA margin amounted to 22.91%, whereas operating margins totaled 10.30%. Based on annual data, KNX earned $1.09 billion in gross profit and brought in $7.43 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 7.30%.
In Knight-Swift Transportation Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $210.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. KNX’s revenue fell -26.28% to $1.64 billion during the quarter, while net income inched up to $1.55 billion. While analysts expected Knight-Swift Transportation Holdings Inc. to report $0.55 quarterly earnings, the actual figure was $0.49 per share, beating the consensus estimate by -10.90%. During the quarter, the company generated $266.92 million in EBITDA. The liabilities of Knight-Swift Transportation Holdings Inc. were 4.36 billion at the end of its most recent quarter ended June 29, and its total debt was $2.42 billion. The value of shareholders’ equity is $161.29 million.
Technical Picture
This quick technical analysis looks at Knight-Swift Transportation Holdings Inc.’s (KNX) price momentum. With a historical volatility rate of 24.04%, the RSI 9-day stood at 34.30% on 20 September.
With respect to its five-day moving average, the current Knight-Swift Transportation Holdings Inc. price is down by -2.95% percent or -$1.58. At present, KNX shares trade -6.98% below its 20-day simple moving average and -7.69% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.34% below its SMA50 and -8.34% below its SMA200.
Stochastic coefficient K was 35.96% and Stochastic coefficient D was 44.33%, while ATR was 1.33. Given the Stochastic reading of 25.13% for the 14-day period, the RSI (14) reading has been calculated as 36.37%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.37.
Analyst Ratings
Knight-Swift Transportation Holdings Inc. downgraded its rating on Knight-Swift Transportation Holdings Inc. (NYSE: KNX) to an In-line in a note to investors on July 21, 2023. The analysts firm previously had an Outperform rating on the stock.Knight-Swift Transportation Holdings Inc. (KNX) has been rated Overweight by analysts. According to 1 brokerage firm, KNX is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Knight-Swift Transportation Holdings Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $63.50, the current consensus forecast for the stock is $51.00 – $72.00. Based on these forecasts, analysts predict Knight-Swift Transportation Holdings Inc. (KNX) will achieve an average price target of $62.11.
