Over the past three months, Knight-Swift Transportation Holdings Inc. [KNX] ended the trading day at $41.17 and exhibited a change of -2.52% with a 24 hour trading and reached upto the volume of 2.46M compared to its recorded trading volume of 0.82 million. KNX generated a 1 year amount change with 14.01%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 2.33% with an amount shift of 0.09% over the last month.

On 30, September 2020, Knight-Swift Transportation Holdings Inc. Announces Timing of Third Quarter 2020 Earnings Release. According to news published on Yahoo Finance, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) expects to release its 2020 third quarter earnings on Wednesday, October 21, 2020 prior to the market open by filing a Form 8-K with the SEC. The earnings release will be available on the Company’s website http://investor.knight-swift.com/events and the Form 8-K will be available on the SEC website http://www.sec.gov.

Analyst Birdseye View:

The most recent analyst activity for Knight-Swift Transportation Holdings Inc. [NYSE:KNX] stock was on October 09, 2020, when it was Downgrade with an Underweight rating from JP Morgan, which also raised its 12-month price target on the stock to $35. Before that, on October 15, 2020, Stifel Recapitulated a Buy rating and elevated its amount target to $49. On September 24, 2020, Wells Fargo Initiated an Overweight rating and boosted its price target on this stock to $51. On April 23, 2020, Cowen Reiterated a Market perform rating and decreased its price target from $38 to $33. On February 19, 2020, Cowen Reiterated a Market perform rating and increased its price target to $38. On January 07, 2020, Wolfe Research Upgrade an Outperform rating. On December 20, 2019, Cowen Reiterated a Market perform rating and decreased its target amount on this stock from $39 to $37.

In the past 52 weeks of trading, this stock has oscillated between a low of $27.54 and a peak of $47.44. Right now, according to Wall Street analyst the average 12-month amount target is $51.67. At the most recent market close, shares of Knight-Swift Transportation Holdings Inc. [NYSE:KNX] were valued at $41.17. According to the average price forecast, investors can expect a potential return of -0.56%.

FUNDAMENTAL ANALYSIS

Knight-Swift Transportation Holdings Inc. [NYSE:KNX] most recently reported quarterly sales of 1.06 billion, which represented growth of -14.60%. This publicly-traded organization’s revenue is $205,252 per employee, while its income is $13,102 per employee. This company’s Gross Margin is currently 62.30%, its Operating Margin is 8.90%, its Pretax Margin is +8.55, and its Net Margin is +6.38. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 3.79, 5.56, 6.26 and 5.07 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 13.58 and the whole liability to whole assets at 10.58. It shows enduring liability to the whole principal at 6.60 and enduring liability to assets at 0.05 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 41.70 points at 1st support level, the second support level is making up to 41.16. But as of 1st resistance point, this stock is sitting at 42.64 and at 43.04 for 2nd resistance point.

Knight-Swift Transportation Holdings Inc. [KNX] reported its earnings at $0.57 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.35/share signifying the difference of 0.22 and 62.90% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.44 calling estimates for $0.35/share with the difference of 0.09 depicting the surprise of 25.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Knight-Swift Transportation Holdings Inc. [NYSE:KNX] is 0.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.21. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.27, it’s amount to book ratio is 1.08 and showing 25.13 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by MOYES JERRY, Member of 10% group, and it was the sale of 1.06 million shares on Sep 21. GARNREITER MICHAEL, the Director, completed a sale of 5000.0 shares on Sep 09. On Aug 24, Nester Lyndee Moyes, Member of 10% owner group, completed a sale of 200.0 shares.