A share price of Knight-Swift Transportation Holdings Inc [KNX] is currently trading at $54.78, down -0.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KNX shares have gain 4.18% over the last week, with a monthly amount drifted -2.77%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, Knight-Swift Transportation Announces CEO Transition and New CFO. In a post published today on Yahoo Finance, Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) (“Knight-Swift” or the “Company”), one of the largest and most diversified freight transportation companies, announced today that Adam Miller has been promoted to Chief Executive Officer and Andrew Hess has been promoted to Chief Financial Officer. Mr. Miller had been serving as the Company’s Chief Financial Officer and President of Swift Transportation, while Mr. Hess had been serving as Senior Vice President of M&A and Senior Vice President of Finance for Swift Transportation. David Jackson has stepped down as Chief Executive Officer and a member of the board of directors following a successful nine years as CEO and 13 years as President.
From an analyst’s perspective:
Knight-Swift Transportation Holdings Inc [NYSE: KNX] stock has seen the most recent analyst activity on November 29, 2023, when TD Cowen reiterated its Outperform rating and also boosted its price target to $61 from $58. Previously, JP Morgan upgraded its rating to Neutral on October 20, 2023, and elevated its price target to $57. On July 21, 2023, downgrade downgraded it’s rating to In-line and revised its price target to $52 on the stock. Citigroup upgraded its rating to a Buy and raised its price target to $66 on May 22, 2023. Credit Suisse downgraded its rating to Neutral for this stock on May 17, 2023, and downed its price target to $60. In a note dated March 22, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $65.
Knight-Swift Transportation Holdings Inc experienced fluctuations in its stock price throughout the past year between $45.73 and $60.99. Currently, Wall Street analysts expect the stock to reach $61.54 within the next 12 months. Knight-Swift Transportation Holdings Inc [NYSE: KNX] shares were valued at $54.78 at the most recent close of the market. An investor can expect a potential return of 12.34% based on the average KNX price forecast.
Analyzing the KNX fundamentals
Trailing Twelve Months sales for Knight-Swift Transportation Holdings Inc [NYSE:KNX] were 7.14B which represents 10.80% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.
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 54.41 points at the first support level, and at 54.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.15, and for the 2nd resistance point, it is at 55.53.
Knight-Swift Transportation Holdings Inc [KNX] reported earnings per share of $0.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.44/share, meaning a difference of -$0.35 and a surprise factor of -79.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.41 per share as compared to estimates of $0.36 per share, a difference of $0.05 representing a surprise of 13.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Knight-Swift Transportation Holdings Inc [NYSE:KNX] is 0.94. In addition, the Quick Ratio stands at 0.94 and the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 1.25 and price to earnings (TTM) ratio is 40.85.
Transactions by insiders
Recent insider trading involved Flanagan Cary M, Exec VP and CAO, that happened on Feb 29 ’24 when 2000.0 shares were sold. Exec Vice Pres Sales, Harrington Timothy Sean completed a deal on Nov 17 ’23 to sell 1200.0 shares. Meanwhile, EVP – Operations Fitzsimmons James L sold 2664.0 shares on Nov 15 ’23.
