While Knight-Swift Transportation Holdings Inc has underperformed by -1.73%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KNX rose by 1.35%, with highs and lows ranging from $60.99 to $45.55, whereas the simple moving average fell by -4.34% in the last 200 days.
On October 09, 2024, Citigroup started tracking Knight-Swift Transportation Holdings Inc (NYSE: KNX) recommending Neutral. A report published by TD Cowen on July 25, 2024, Reiterated its previous ‘Buy’ rating for KNX. Wells Fargo Initiated an Overweight rating on June 07, 2024, and assigned a price target of $56. Raymond James initiated its ‘Strong Buy’ rating for KNX, as published in its report on May 15, 2024. Stifel’s report from April 26, 2024 suggests a price prediction of $47 for KNX shares, giving the stock a ‘Hold’ rating. TD Cowen also rated the stock as ‘Buy’.
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Analysis of Knight-Swift Transportation Holdings Inc (KNX)
It’s important to note that KNX shareholders are currently getting $0.62 per share in dividends, so investors will receive a return regardless of how the company performs. 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 predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and KNX is registering an average volume of 1.97M. On a monthly basis, the volatility of the stock is set at 2.85%, whereas on a weekly basis, it is put at 3.17%, with a loss of -2.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $56.35, showing growth from the present price of $50.13, 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?
A giant in the Trucking market, Knight-Swift Transportation Holdings Inc (KNX) is based in the USA. 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 120.88, there is a growth in quarterly earnings of -67.98%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. 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 94.43% 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 94.43% at present.
