Knight-Swift Transportation Holdings Inc [NYSE: KNX] surged by $1.89 during the normal trading session on while it closed the day at $53.41.
Knight-Swift Transportation Holdings Inc stock has also gained 4.70% of its value over the past 7 days. However, KNX stock has inclined by 7.29% in the 3 months of the year. Over the past six months meanwhile, it has gained 10.06% and lost -7.35% year-on date.
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The market cap for KNX stock reached $8.64 billion, with 161.38 million shares outstanding and 156.82 million shares in the current float. Compared to the average trading volume of 1.96M shares, KNX reached a trading volume of 3074416 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 $56.12 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 2.23. 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.
Citigroup have made an estimate for Knight-Swift Transportation Holdings Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 09, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $47 to $57. The new note on the price target was released on July 25, 2024, representing the official price target for Knight-Swift Transportation Holdings Inc stock.
The Average True Range (ATR) for Knight-Swift Transportation Holdings Inc is set at 1.63, with the Price to Sales ratio for KNX stock in the period of the last 12 months amounting to 1.13. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 2.08.
KNX stock trade performance evaluation
Knight-Swift Transportation Holdings Inc [KNX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.70. With this latest performance, KNX shares gained by 1.77% in over the last four-week period, additionally plugging by 10.06% over the last 6 months – not to mention a rise of 7.49% 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 57.21, with the RSI for the last a single of trading hit 62.08, and the three-weeks RSI is set at 55.03 for Knight-Swift Transportation Holdings Inc [KNX]. The present Moving Average for the last 50 days of trading for this stock 52.21, while it was recorded at 51.38 for the last single week of trading, and 52.27 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 0.88 and a Current Ratio set at 0.88.
Earnings per share (EPS) analysis for Knight-Swift Transportation Holdings Inc [KNX] stock
With the latest financial reports released by the company, Knight-Swift Transportation Holdings Inc posted 0.41/share EPS, while the average EPS was predicted by analysts to be reported at 0.36/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 30.02%.
Knight-Swift Transportation Holdings Inc [KNX]: Institutional Ownership
There are presently around $95.23%, or 98.31%% 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 21.88 million shares, which is approximately 13.5497%. BLACKROCK INC., holding 16.34 million shares of the stock with an approximate value of $$815.73 million in KNX stocks shares; and BLACKROCK INC., currently with $$748.46 million in KNX stock with ownership which is approximately 9.283%.
