Knight-Swift Transportation Holdings Inc (NYSE: KNX) is -8.97% 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 $53.94 in the last trading session, with the day’s loss setting it -1.46%.
Currently trading at $52.48, the stock is -7.34% and -4.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing -2.71% at the moment leaves the stock 1.12% off its SMA200. KNX registered -7.25% loss for a year compared to 6-month gain of 10.79%. The firm has a 50-day simple moving average (SMA 50) of $55.001 and a 200-day simple moving average (SMA200) of $51.9147.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -6.62% loss in the last 1 month and extending the period to 3 months gives it a -1.46%, and is -7.88% down 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 2.21% over the week and 2.45% over the month.
Knight-Swift Transportation Holdings Inc (KNX) has around 34800 employees, a market worth around $8.50B and $7.48B in sales. Current P/E ratio is 227.48 and Fwd P/E is 25.01. Profit margin for the company is 0.50%. Distance from 52-week low is 15.21% and -13.95% from its 52-week high. The company has generated returns on investments over the last 12 months (0.39%).
The EPS is expected to shrink by -38.78% this year
654.0 institutions hold shares in Knight-Swift Transportation Holdings Inc (KNX), with institutional investors hold 98.67% of the company’s shares. The shares outstanding are 161.87M, and float is at 156.89M with Short Float at 3.76%. Institutions hold 95.59% 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).
