Knight-Swift Transportation Holdings Inc [NYSE: KNX] closed the trading session at $48.53.
The stocks have a year to date performance of -15.82 percent and weekly performance of -5.84 percent. The stock has been moved at -2.33 percent over the last six months. The stock has performed -7.77 percent around the most recent 30 days and changed -9.43 percent over the most recent 3-months.
If compared to the average trading volume of 1.95M shares, KNX reached to a volume of 11672388 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $60.38 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 1.78. 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.
TD 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 November 29, 2023. While these analysts kept the previous recommendation, JP Morgan raised their target price from $54 to $57. The new note on the price target was released on October 20, 2023, representing the official price target for Knight-Swift Transportation Holdings Inc stock. Previously, the target price had yet another drop from $60 to $52, while Evercore ISI kept a In-line rating on KNX stock.
The Average True Range (ATR) for Knight-Swift Transportation Holdings Inc is set at 1.48, with the Price to Sales ratio for KNX stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 1.11, with the Price to Cash per share for the same quarter was set at 2.89. Price to Free Cash Flow for KNX in the course of the last twelve months was 87.02 with Quick ratio for the last quarter at 0.94.
KNX stock trade performance evaluation
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 -5.84. With this latest performance, KNX shares dropped by -7.77% in over the last four-week period, additionally sinking by -2.33% over the last 6 months – not to mention a drop of -12.57% 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 28.16, with the RSI for the last a single of trading hit 22.62, and the three-weeks RSI is set at 32.05 for Knight-Swift Transportation Holdings Inc [KNX]. The present Moving Average for the last 50 days of trading for this stock 55.24, while it was recorded at 50.61 for the last single week of trading, and 54.58 for the last 200 days.
Knight-Swift Transportation Holdings Inc [KNX]: An insightful look at the core fundamentals
Knight-Swift Transportation Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.94 and a Current Ratio set at 0.94.
Earnings per share (EPS) analysis for Knight-Swift Transportation Holdings Inc [KNX] stock
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 50.80%.
Knight-Swift Transportation Holdings Inc [KNX]: Institutional Ownership
The top three institutional holders of KNX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in KNX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in KNX stock with ownership which is approximately 5.8386%.
