While Knight-Swift Transportation Holdings Inc has underperformed by -0.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KNX rose by 5.29%, with highs and lows ranging from $60.99 to $45.55, whereas the simple moving average jumped by 0.02% in the last 200 days.
On July 25, 2024, TD Cowen Reiterated Knight-Swift Transportation Holdings Inc (NYSE: KNX) to Buy. A report published by Wolfe Research on July 11, 2024, Downgraded its rating to ‘Peer Perform’ for KNX. Wells Fargo also rated KNX shares as ‘Overweight’, setting a target price of $56 on the company’s shares in an initiating report dated June 07, 2024. Raymond James Initiated an Strong Buy rating on May 15, 2024, and assigned a price target of $58. Stifel April 26, 2024d its ‘Buy’ rating to ‘Hold’ for KNX, as published in its report on April 26, 2024. TD Cowen’s report from April 18, 2024 suggests a price prediction of $52 for KNX shares, giving the stock a ‘Buy’ rating. Loop Capital also rated the stock as ‘Hold’.
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Analysis of Knight-Swift Transportation Holdings Inc (KNX)
With KNX’s current dividend of $0.62 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 18.91%, showing a positive trend in the upcoming months.
Knight-Swift Transportation Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 0.95% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.88, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and KNX has an average volume of 1.96M. On a monthly basis, the volatility of the stock is set at 2.85%, whereas on a weekly basis, it is put at 2.34%, with a loss of -1.01% over the past seven days. Furthermore, long-term investors anticipate a median target price of $56.94, showing growth from the present price of $52.72, which can serve as yet another indication of whether KNX is worth investing in or should be passed over.
How Do You Analyze Knight-Swift Transportation Holdings Inc Shares?
Trucking giant Knight-Swift Transportation Holdings Inc (KNX) is based in the USA and is one of the largest companies in the market. When comparing Knight-Swift Transportation Holdings Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 127.13, there is a growth in quarterly earnings of -67.98%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 3.11%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 94.39% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KNX shares are owned by institutional investors to the tune of 94.39% at present.
