At the time of writing, Knight-Swift Transportation Holdings Inc [KNX] stock is trading at $53.41, up 3.67%. 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 gain 4.70% over the last week, with a monthly amount glided 1.77%, 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 October 09, 2024, when Citigroup initiated its Neutral rating and assigned the stock a price target of $55. Previously, TD Cowen reaffirmed its Buy rating on July 25, 2024, and elevated its price target to $57. On July 11, 2024, downgrade downgraded it’s rating to Peer Perform. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $56 on June 07, 2024. Stifel downgraded its rating to Hold for this stock on April 26, 2024, and downed its price target to $47. In a note dated April 18, 2024, TD Cowen reiterated an Buy rating on this stock and revised its target price from $58 to $52.
For the past year, the stock price of Knight-Swift Transportation Holdings Inc fluctuated between $45.55 and $60.99. Currently, Wall Street analysts expect the stock to reach $59.4 within the next 12 months. Knight-Swift Transportation Holdings Inc [NYSE: KNX] shares were valued at $53.41 at the most recent close of the market. An investor can expect a potential return of 11.22% 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 7.62B for trailing twelve months, which represents an 18.91% jump. 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. 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 52.78 points at the first support level, and at 52.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.21, and for the 2nd resistance point, it is at 55.00.
Ratios To Look Out For
It is important to note that Knight-Swift Transportation Holdings Inc [NYSE:KNX] has a current ratio of 0.88. Further, the Quick Ratio stands at 0.88, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 128.79.
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.
