A share price of Knight-Swift Transportation Holdings Inc [KNX] is currently trading at $48.98, down -0.93%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KNX shares have lost -4.24% over the last week, with a monthly amount glided 0.18%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Knight-Swift Transportation Holdings Inc [NYSE: KNX] stock has seen the most recent analyst activity on July 11, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Wells Fargo started tracking the stock with Overweight rating on June 07, 2024, and set its price target to $56. Stifel downgraded its rating to a Hold and decreased its price target to $47 on April 26, 2024. TD Cowen reiterated its recommendation of a Buy and reduced its price target to $52 on April 18, 2024. Loop Capital downgraded its rating to Hold for this stock on April 18, 2024, and downed its price target to $53. In a note dated November 29, 2023, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $58 to $61.
Knight-Swift Transportation Holdings Inc experienced fluctuations in its stock price throughout the past year between $45.55 and $60.99. Currently, Wall Street analysts expect the stock to reach $60 within the next 12 months. Knight-Swift Transportation Holdings Inc [NYSE: KNX] shares were valued at $48.98 at the most recent close of the market. An investor can expect a potential return of 22.5% based on the average KNX price forecast.
Analyzing the KNX fundamentals
Trailing Twelve Months sales for Knight-Swift Transportation Holdings Inc [NYSE:KNX] were 7.33B which represents 11.33% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
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 48.49 points at the first support level, and at 48.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.77, and for the 2nd resistance point, it is at 50.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Knight-Swift Transportation Holdings Inc [NYSE:KNX] is 0.93. Further, the Quick Ratio stands at 0.93, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 71.98.
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.
