Is it Good Time to Bail on Knight-Swift Transportation Holdings Inc. [KNX]? Let’s Look at the Charts

Knight-Swift Transportation Holdings Inc. [KNX] has traded in a range of $27.54 to $47.44 in the last 1 year. As of this writing, the stock is at $40.32, down -2.68%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, KNX shares are -1.32% down with the monthly amount drift of 3.78% and seems well in a long time frame.

On 18, November 2020, Knight-Swift Transportation Holdings Inc. Announces Leadership Changes. According to news published on Yahoo Finance, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (“Knight-Swift” or the “Company”), North America’s largest truckload transportation company, announced that effective November 13, 2020, Adam Miller has been appointed President of Swift Transportation Co., LLC (“Swift”), a wholly owned subsidiary of the Company. Mr. Miller will continue to serve as the Chief Financial Officer of Swift’s parent company, Knight-Swift. He will succeed Kevin Knight, who has served as the Acting President of Swift since the merger with Knight Transportation, Inc. (“Knight”) in September 2017. Mr. Knight will continue as Knight-Swift’s Executive Chairman of the Board with the primary focus of strategic growth.

Analyst Birdseye View:

The most recent analyst activity for Knight-Swift Transportation Holdings Inc. [NYSE:KNX] stock was on November 23, 2020, when it was Downgrade with a Neutral rating from BofA Securities. Before that, on November 24, 2020, Citigroup Recapitulated a Neutral rating and elevated its amount target to $46. On October 22, 2020, Cowen Reiterated a Market perform rating and boosted its price target on this stock from $45 to $47. On October 15, 2020, Stifel Upgrade a Buy rating and increased its price target from $46 to $49. On October 09, 2020, JP Morgan Downgrade an Underweight rating and increased its price target to $35. On September 24, 2020, Wells Fargo Initiated an Overweight rating and boosted its amount on this stock to $51. On April 23, 2020, Cowen Reiterated a Market perform rating and decreased its target amount on this stock from $38 to $33. Cowen elevated its amount target by recapitulating a higher weight for this stock.

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, the middling Wall Street analyst 12-month amount mark is $52.00. At the most recent market close, shares of Knight-Swift Transportation Holdings Inc. [NYSE:KNX] were valued at $40.32. According to the average price forecast, investors can expect a potential return of 1.29%.

FUNDAMENTAL ANALYSIS

Knight-Swift Transportation Holdings Inc. [NYSE:KNX] most recently reported quarterly sales of 1.21 billion, which represented growth of 0.80%. 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 63.80%, its Operating Margin is 10.20%, 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 39.92 points at 1st support level, the second support level is making up to 39.52. But as of 1st resistance point, this stock is sitting at 41.04 and at 41.76 for 2nd resistance point.

Knight-Swift Transportation Holdings Inc. [KNX] reported its earnings at $0.79 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.64/share signifying the difference of 0.15 and 23.40% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.57 calling estimates for $0.35/share with the difference of 0.22 depicting the surprise of 62.90%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Knight-Swift Transportation Holdings Inc. [NYSE:KNX] is 0.80. 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 20.58 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.