Knight-Swift Transportation Holdings Inc. [NYSE: KNX] jumped around 1.12 points on Thursday, while shares priced at $48.55 at the close of the session, up 2.36%. The company report on October 1, 2021 that Knight-Swift Transportation Holdings Inc. Announces Timing of Third Quarter 2021 Earnings Release.
Knight-Swift Transportation Holdings Inc. (NYSE: KNX) expects to release its 2021 third quarter earnings on Wednesday, October 20, 2021 prior to the market open by filing a Form 8-K with the SEC. The earnings release will be available on the Company’s website https://investor.knight-swift.com/, and the Form 8-K will be available on the SEC website, http://www.sec.gov.
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Knight-Swift Transportation Holdings Inc. stock is now 16.09% up from its year-to-date (YTD) trading value. KNX Stock saw the intraday high of $48.99 and lowest of $47.65 per share. The company’s 52-week high price is 54.00, which means current price is +23.95% above from all time high which was touched on 09/03/21.
Compared to the average trading volume of 1.53M shares, KNX reached a trading volume of 2102333 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Knight-Swift Transportation Holdings Inc. [KNX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KNX shares is $60.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KNX stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Knight-Swift Transportation Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 15, 2021. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on September 10, 2021, representing the official price target for Knight-Swift Transportation Holdings Inc. stock. Previously, the target price had yet another raise from $50 to $51, while UBS kept a Neutral rating on KNX stock. On July 22, 2021, analysts decreased their price target for KNX shares from 51 to 49.
The Average True Range (ATR) for Knight-Swift Transportation Holdings Inc. is set at 1.22, with the Price to Sales ratio for KNX stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 1.32, with the Price to Cash per share for the same quarter was set at 1.05. Price to Free Cash Flow for KNX in the course of the last twelve months was 19.35 with Quick ratio for the last quarter at 1.50.
How has KNX stock performed recently?
Knight-Swift Transportation Holdings Inc. [KNX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.16. With this latest performance, KNX shares dropped by -8.05% in over the last four-week period, additionally sinking by -3.17% over the last 6 months – not to mention a rise of 17.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KNX stock in for the last two-week period is set at 39.42, with the RSI for the last a single of trading hit 38.75, and the three-weeks RSI is set at 41.84 for Knight-Swift Transportation Holdings Inc. [KNX]. The present Moving Average for the last 50 days of trading for this stock 50.80, while it was recorded at 47.85 for the last single week of trading, and 47.39 for the last 200 days.
Knight-Swift Transportation Holdings Inc. [KNX]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Knight-Swift Transportation Holdings Inc. [KNX] shares currently have an operating margin of +12.11 and a Gross Margin at +18.46. Knight-Swift Transportation Holdings Inc.’s Net Margin is presently recorded at +8.77.
Return on Total Capital for KNX is now 8.41, given the latest momentum, and Return on Invested Capital for the company is 6.46. Return on Equity for this stock inclined to 7.11, with Return on Assets sitting at 4.81. When it comes to the capital structure of this company, Knight-Swift Transportation Holdings Inc. [KNX] has a Total Debt to Total Equity ratio set at 17.56. Additionally, KNX Total Debt to Total Capital is recorded at 14.94, with Total Debt to Total Assets ending up at 11.96. Long-Term Debt to Equity for the company is recorded at 12.22, with the Long-Term Debt to Total Capital now at 10.39.
Reflecting on the efficiency of the workforce at the company, Knight-Swift Transportation Holdings Inc. [KNX] managed to generate an average of $18,062 per employee. Receivables Turnover for the company is 8.12 with a Total Asset Turnover recorded at a value of 0.55.Knight-Swift Transportation Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
Earnings analysis for Knight-Swift Transportation Holdings Inc. [KNX]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KNX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Knight-Swift Transportation Holdings Inc. go to 15.65%.
Insider trade positions for Knight-Swift Transportation Holdings Inc. [KNX]
There are presently around $7,206 million, or 90.30% of KNX stock, in the hands of institutional investors. The top three institutional holders of KNX stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 13,982,010, which is approximately 9.014% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 13,524,394 shares of the stock with an approximate value of $656.61 million in KNX stocks shares; and VANGUARD GROUP INC, currently with $636.34 million in KNX stock with ownership of nearly 1.916% of the company’s market capitalization.
Positions in Knight-Swift Transportation Holdings Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 213 institutional holders increased their position in Knight-Swift Transportation Holdings Inc. [NYSE:KNX] by around 13,059,886 shares. Additionally, 190 investors decreased positions by around 10,203,727 shares, while 63 investors held positions by with 125,155,065 shares. The mentioned changes placed institutional holdings at 148,418,678 shares, according to the latest SEC report filing. KNX stock had 48 new institutional investments in for a total of 1,328,776 shares, while 58 institutional investors sold positions of 2,976,113 shares during the same period.