Knight-Swift Transportation Holdings Inc. (NYSE: KNX) is 5.31% higher on its value in year-to-date trading and has touched a low of $27.54 and a high of $47.44 in the current 52-week trading range. The KNX stock was last observed hovering at around $41.70 in the last trading session, with the day’s gains setting it 2.34% off its average median price target of $52.00 for the next 12 months. It is also 26.6% off the consensus price target high of $60.00 offered by 20 analysts, but current levels are -22.33% lower than the price target low of $36.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Currently trading at $44.04, the stock is 5.64% and 8.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 5.61% at the moment leaves the stock 8.40% off its SMA200. KNX registered 18.01% gain for a year compared to 6-month loss of 0.16%. The firm has a 50-day simple moving average (SMA 50) of $41.62 and a 200-day simple moving average (SMA200) of $42.28.
The stock witnessed a 6.56% gain in the last 1 month and extending the period to 3 months gives it a 6.87%, and is 4.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.15% over the week and 2.22% over the month.
Knight-Swift Transportation Holdings Inc. (KNX) has around 23800 employees, a market worth around $7.51B and $4.59B in sales. Current P/E ratio is 22.48 and Fwd P/E is 13.18. Profit margin for the company is 7.30%. Distance from 52-week low is 59.91% and -7.17% from its 52-week high. The company has generated returns on investments over the last 12 months (4.90%).
Knight-Swift Transportation Holdings Inc. (KNX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Knight-Swift Transportation Holdings Inc. (KNX) is a “Overweight”. 20 analysts offering their recommendations for the stock have an average rating of 2.20, where 6 rate it as a Hold and 1 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Knight-Swift Transportation Holdings Inc. is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.9 with sales reaching $1.28B over the same period.The EPS is expected to shrink by -23.70% this year, but quarterly earnings will post -3.50% year-over-year. Quarterly sales are estimated to grow 6.90% in year-over-year returns.
Knight-Swift Transportation Holdings Inc. (KNX) Top Institutional Holders
616 institutions hold shares in Knight-Swift Transportation Holdings Inc. (KNX), with 14.75M shares held by insiders accounting for 8.69% while institutional investors hold 102.74% of the company’s shares. The shares outstanding are 170.21M, and float is at 155.08M with Short Float at 2.99%. Institutions hold 93.82% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 13.93 million shares valued at $566.85 million. The investor’s holdings represent 8.20% of the KNX Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 11.8 million shares valued at $480.25 million to account for 6.95% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 10.95 million shares representing 6.45% and valued at over $445.68 million, while Wellington Management Company, LLP holds 3.51% of the shares totaling 5.95 million with a market value of $242.35 million.
Knight-Swift Transportation Holdings Inc. (KNX) Insider Activity
A total of 21 insider transactions have happened at Knight-Swift Transportation Holdings Inc. (KNX) in the last six months, with sales accounting for 21 and purchases happening 0 times. The most recent transaction is an insider sale by MOYES JERRY, the company’s Member of 10% group. SEC filings show that MOYES JERRY sold 1,062,885 shares of the company’s common stock on Sep 21 at a price of $40.93 per share for a total of $43.5 million. Following the sale, the insider now owns 0.0 shares.
Knight-Swift Transportation Holdings Inc. disclosed in a document filed with the SEC on Sep 09 that GARNREITER MICHAEL (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Sep 09 and was made at $47.25 per share for $0.24 million. Following the transaction, the insider now directly holds 9318.0 shares of the KNX stock.
Still, SEC filings show that on Aug 24, Nester Lyndee Moyes (Member of 10% owner group) disposed off 200 shares at an average price of $47.01 for $9401.0. The insider now directly holds 120,545 shares of Knight-Swift Transportation Holdings Inc. (KNX).
Knight-Swift Transportation Holdings Inc. (KNX): Who are the competitors?
The company’s main competitors (and peers) include P.A.M. Transportation Services Inc. (PTSI) that is trading -15.11% down over the past 12 months. USA Truck Inc. (USAK) is 23.33% up on the 1-year trading charts. Short interest in the company’s stock has risen 8.21% from the last report on Nov 12, 2020 to stand at a total of 4.25 million short shares sold with a short interest ratio of 2.32.