Knight-Swift Transportation Holdings Inc (NYSE: KNX) is 3.37% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KNX stock was last observed hovering at around $58.75 in the last trading session, with the day’s gains setting it 0.84%.
Currently trading at $59.59, the stock is 5.95% and 10.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.9 million and changing 1.43% at the moment leaves the stock 14.68% off its SMA200. KNX registered 14.46% gain for a year compared to 6-month gain of 28.23%. The firm has a 50-day simple moving average (SMA 50) of $53.7198 and a 200-day simple moving average (SMA200) of $51.96545.
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The stock witnessed a 10.76% loss in the last 1 month and extending the period to 3 months gives it a 14.24%, and is 5.49% 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 2.68% over the week and 2.90% over the month.
Knight-Swift Transportation Holdings Inc (KNX) has around 34800 employees, a market worth around $9.65B and $7.48B in sales. Current P/E ratio is 258.30 and Fwd P/E is 28.28. Profit margin for the company is 0.50%. Distance from 52-week low is 30.82% and -2.30% from its 52-week high. The company has generated returns on investments over the last 12 months (0.39%).
with sales reaching $1.88B over the same period.The EPS is expected to shrink by -38.64% this year, but quarterly earnings will post 4.04% year-over-year. Quarterly sales are estimated to shrink -2.50% in year-over-year returns.
Knight-Swift Transportation Holdings Inc (KNX) Top Institutional Holders
651.0 institutions hold shares in Knight-Swift Transportation Holdings Inc (KNX), with institutional investors hold 98.78% of the company’s shares. The shares outstanding are 161.38M, and float is at 156.88M with Short Float at 4.30%. Institutions hold 95.69% of the Float.
The top institutional shareholder in the company is WELLINGTON MANAGEMENT GROUP LLP with over 21.88 million shares valued at $1.09 billion. The investor’s holdings represent 13.5497% of the KNX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.34 million shares valued at $815.73 million to account for 10.1175 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 14.99 million shares representing 9.283% and valued at over $748.46 million, while FMR LLC holds 5.3168 of the shares totaling 8.59 million with a market value of $428.67 million.
Knight-Swift Transportation Holdings Inc (KNX) Insider Activity
The most recent transaction is an insider sale by Vander Ploeg David, the company’s Director. SEC filings show that Vander Ploeg David sold 500 shares of the company’s common stock on Nov 14 ’24 at a price of $57.10 per share for a total of $28552.0. Following the sale, the insider now owns 30729.0 shares.
Knight-Swift Transportation Holdings Inc disclosed in a document filed with the SEC on Nov 13 ’24 that KNIGHT KEVIN P (Executive Chairman) sold a total of 29,779 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $57.19 per share for $1.7 million. Following the transaction, the insider now directly holds 0.0 shares of the KNX stock.
Still, SEC filings show that on Nov 13 ’24, KNIGHT KEVIN P (Director) Proposed Sale 29,779 shares at an average price of $57.19 for $1.7 million. The insider now directly holds shares of Knight-Swift Transportation Holdings Inc (KNX).
