The outlook and analysis of Knight-Swift Transportation Holdings Inc. (KNX)’s stock

At the time of writing, Knight-Swift Transportation Holdings Inc. [KNX] stock is trading at $54.97, up 2.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KNX shares have lost -3.68% over the last week, with a monthly amount drifted -9.65%, and not seem to be holding up well over a long-time horizon.

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On 3, February 2023, Knight-Swift Transportation Holdings Inc. Announces Appointment of Jessica Powell to Board of Directors and an Increase in Quarterly Cash Dividend. In a post published today on Yahoo Finance, Knight-Swift Transportation Holdings Inc. (NYSE: KNX):.

From an analyst’s perspective:

Knight-Swift Transportation Holdings Inc. [NYSE: KNX] stock has seen the most recent analyst activity on January 09, 2023, when Susquehanna downgraded its rating to a Neutral and also revised its price target to $60 from $63. Previously, Susquehanna reaffirmed its Positive rating on October 20, 2022, and dropped its price target to $63. On October 20, 2022, Raymond James reiterated its Outperform rating and revised its price target to $53 on the stock. KeyBanc Capital Markets reiterated its Overweight rating and decreased its price target to $60 on October 20, 2022. JP Morgan reiterated its recommendation of a Underweight and reduced its price target to $52 on October 20, 2022. Evercore ISI reiterated a Outperform rating for this stock on October 20, 2022, and downed its price target to $57. In a note dated October 20, 2022, Credit Suisse reiterated an Outperform rating on this stock and revised its target price from $65 to $63.

For the past year, the stock price of Knight-Swift Transportation Holdings Inc. fluctuated between $42.50 and $64.35. Currently, Wall Street analysts expect the stock to reach $66.42 within the next 12 months. Knight-Swift Transportation Holdings Inc. [NYSE: KNX] shares were valued at $54.97 at the most recent close of the market. An investor can expect a potential return of 20.83% based on the average KNX price forecast.

Analyzing the KNX fundamentals

According to Knight-Swift Transportation Holdings Inc. [NYSE:KNX], the company’s sales were 1.74 billion in the recent quarter, which represents an -4.00% plunge. Gross Margin for this corporation currently stands at +18.52% with Operating Margin at +13.46%, Pretax Margin comes in at +13.74%, and Net Margin reading is +10.38%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.41 points at the first support level, and at 51.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.79, and for the 2nd resistance point, it is at 56.60.

Knight-Swift Transportation Holdings Inc. [KNX] reported earnings per share of $1 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.12/share, meaning a difference of -$0.12 and a surprise factor of -10.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were $1.27 per share as compared to estimates of $1.32 per share, a difference of -$0.05 representing a surprise of -3.80%.

Ratios To Look Out For

It is important to note that Knight-Swift Transportation Holdings Inc. [NYSE:KNX] has a current ratio of 1.70. As well, the Quick Ratio is 1.67, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 1.21 and the P/E (TTM) ratio is 11.64.

Transactions by insiders

Insider trading has also been a hot topic recently, with 40 insiders purchasing 363,934 shares and 40 selling 163,542 shares in the past 3 months. Recent insider trading involved Ohlman Dustin, VP Intermodal, that happened on Nov 01 when 500.0 shares were sold. EVP Sales & Mkt, Knight Trans., Updike James E. Jr. completed a deal on Jul 29 to sell 2400.0 shares.