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Knight-Swift Transportation Holdings Inc (KNX) – key numbers that make it a Strong Buy For Now

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is -13.81% lower on its value in year-to-date trading and has touched a low of $45.55 and a high of $60.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KNX stock was last observed hovering at around $48.04 in the last trading session, with the day’s gains setting it 1.65%.

Currently trading at $49.69, the stock is 2.99% and 0.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.26 million and changing 3.43% at the moment leaves the stock -6.02% off its SMA200. KNX registered -13.27% loss for a year compared to 6-month loss of -11.72%.

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The stock witnessed a 1.80% gain in the last 1 month and extending the period to 3 months gives it a -12.32%, and is 2.03% 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 3.36% over the week and 2.80% over the month.

Knight-Swift Transportation Holdings Inc (KNX) has around 34800 employees, a market worth around $8.03B and $7.33B in sales. Current P/E ratio is 73.02 and Fwd P/E is 18.02. Profit margin for the company is 1.50%. Distance from 52-week low is 9.09% and -18.53% from its 52-week high. The company has generated returns on investments over the last 12 months (1.20%).

The EPS is expected to shrink by -27.08% this year.

Knight-Swift Transportation Holdings Inc (KNX) Top Institutional Holders

The shares outstanding are 161.38M, and float is at 156.34M with Short Float at 3.55%.

Knight-Swift Transportation Holdings Inc (KNX) Insider Activity

The most recent transaction is an insider sale by Flanagan Cary M,the company’sExec VP and CAO. SEC filings show that Flanagan Cary M sold 2,000 shares of the company’s common stock on Feb 29 ’24 at a price of $56.24 per share for a total of $0.11 million. Following the sale, the insider now owns 5118.0 shares.

Knight-Swift Transportation Holdings Inc disclosed in a document filed with the SEC on Nov 17 ’23 that Harrington Timothy Sean (Exec Vice Pres Sales) sold a total of 1,200 shares of the company’s common stock. The trade occurred on Nov 17 ’23 and was made at $52.00 per share for $62400.0. Following the transaction, the insider now directly holds 5278.0 shares of the KNX stock.

Still, SEC filings show that on Nov 15 ’23, Fitzsimmons James L (EVP – Operations) disposed off 2,664 shares at an average price of $53.73 for $0.14 million. The insider now directly holds 4,632 shares of Knight-Swift Transportation Holdings Inc (KNX).

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