Knight-Swift Transportation Holdings Inc [KNX] stock is trading at $53.66, down -0.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The KNX shares have gain 1.65% over the last week, with a monthly amount drifted -0.54%, and not 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 24, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $56 from $55. Previously, Citigroup started tracking the stock with Neutral rating on October 09, 2024, and set its price target to $55. On July 25, 2024, TD Cowen reiterated its Buy rating and revised its price target to $57 on the stock. Wolfe Research downgraded its rating to a Peer Perform. Wells Fargo initiated its recommendation with a Overweight and recommended $56 as its price target on June 07, 2024. In a note dated April 26, 2024, Stifel downgraded an Hold rating on this stock and revised its target price from $53 to $47.
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 $59.4 within the next 12 months. Knight-Swift Transportation Holdings Inc [NYSE: KNX] shares were valued at $53.66 at the most recent close of the market. An investor can expect a potential return of 10.7% based on the average KNX price forecast.
Analyzing the KNX fundamentals
Knight-Swift Transportation Holdings Inc [NYSE:KNX] reported sales of 7.48B for the trailing twelve months, which represents a drop of -7.09%. Gross Profit Margin for this corporation currently stands at 0.14% 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 0.0, 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 of0.26.
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 53.28 points at the first support level, and at 52.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.99, and for the 2nd resistance point, it is at 54.31.
Ratios To Look Out For
For context, Knight-Swift Transportation Holdings Inc’s Current Ratio is 1.01. On the other hand, the Quick Ratio is 0.88, and the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 1.23 and price to earnings (TTM) ratio is 232.60.
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.
