KNX Stock Forecast: All the More Reason to Consider Knight-Swift Transportation Holdings Inc. (KNX) Now

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.

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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).

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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.

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