Knight-Swift Transportation Holdings Inc [KNX] stock is trading at $52.57, up 0.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The KNX shares have gain 1.90% over the last week, with a monthly amount glided 2.16%, 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 25, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $57 from $47. Previously, Wolfe Research downgraded its rating to Peer Perform on July 11, 2024. On June 07, 2024, Wells Fargo initiated with a Overweight rating and assigned a price target of $56 on the stock. Stifel downgraded its rating to a Hold and reduced its price target to $47 on April 26, 2024. TD Cowen reiterated a Buy rating for this stock on April 18, 2024, and downed its price target to $52. In a note dated April 18, 2024, Loop Capital downgraded an Hold rating on this stock and revised its target price from $63 to $53.
Knight-Swift Transportation Holdings Inc [KNX] stock has fluctuated between $45.55 and $60.99 over the past year. 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 $52.57 at the most recent close of the market. An investor can expect a potential return of 14.13% based on the average KNX price forecast.
Analyzing the KNX fundamentals
Knight-Swift Transportation Holdings Inc [NYSE:KNX] reported sales of 7.62B for the trailing twelve months, which represents a growth of 18.91%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.03%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
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 52.01 points at the first support level, and at 51.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.07, and for the 2nd resistance point, it is at 53.57.
Ratios To Look Out For
For context, Knight-Swift Transportation Holdings Inc’s Current Ratio is 0.88. On the other hand, the Quick Ratio is 0.88, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 1.21 and price to earnings (TTM) ratio is 126.77.
Transactions by insiders
Recent insider trading involved GARNREITER MICHAEL, Director, that happened on Aug 13 ’24 when 2000.0 shares were sold. Director, SYNOWICKI ROBERT E JR completed a deal on Aug 16 ’24 to sell 2500.0 shares. Meanwhile, Director SYNOWICKI ROBERT E JR bought 2627.0 shares on Aug 16 ’24.
