A new trading day began on Monday, with Knight-Swift Transportation Holdings Inc (NYSE: KNX) stock price down -0.06% from the previous day of trading, before settling in for the closing price of $53.17. KNX’s price has ranged from $45.73 to $60.99 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 7.09% over the past five years. Meanwhile, its annual earnings per share averaged 35.66%. With a float of $156.27 million, this company’s outstanding shares have now reached $161.38 million.
Let’s look at the performance matrix of the company that is accounted for 34800 employees.
Knight-Swift Transportation Holdings Inc (KNX) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Trucking Industry. The insider ownership of Knight-Swift Transportation Holdings Inc is 3.23%, while institutional ownership is 90.32%. The most recent insider transaction that took place on Feb 29 ’24, was worth 112,490. In this transaction Exec VP and CAO of this company sold 2,000 shares at a rate of $56.24, taking the stock ownership to the 5,118 shares. Before that another transaction happened on Nov 17 ’23, when Company’s Exec Vice Pres Sales sold 1,200 for $52.00, making the entire transaction worth $62,400. This insider now owns 5,278 shares in total.
Knight-Swift Transportation Holdings Inc (KNX) Latest Financial update
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.09 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.51 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 35.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 50.80% during the next five years compared to -10.64% drop over the previous five years of trading.
Knight-Swift Transportation Holdings Inc (NYSE: KNX) Trading Performance Indicators
Here are Knight-Swift Transportation Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.20. Likewise, its price to free cash flow for the trailing twelve months is 95.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.34, a number that is poised to hit 0.77 in the next quarter and is forecasted to reach 3.89 in one year’s time.
Technical Analysis of Knight-Swift Transportation Holdings Inc (KNX)
Knight-Swift Transportation Holdings Inc (NYSE: KNX) saw its 5-day average volume 1.28 million, a negative change from its year-to-date volume of 1.98 million. As of the previous 9 days, the stock’s Stochastic %D was 39.74%. Additionally, its Average True Range was 1.22.
During the past 100 days, Knight-Swift Transportation Holdings Inc’s (KNX) raw stochastic average was set at 33.67%, which indicates a significant decrease from 43.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.37% in the past 14 days, which was higher than the 25.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.21, while its 200-day Moving Average is $54.71. Nevertheless, the first resistance level for the watch stands at $53.56 in the near term. At $53.98, the stock is likely to face the second major resistance level. The third major resistance level sits at $54.21. If the price goes on to break the first support level at $52.91, it is likely to go to the next support level at $52.68. The third support level lies at $52.26 if the price breaches the second support level.
Knight-Swift Transportation Holdings Inc (NYSE: KNX) Key Stats
With a market capitalization of 8.58 billion, the company has a total of 161,494K Shares Outstanding. Currently, annual sales are 7,142 M while annual income is 217,150 K. The company’s previous quarter sales were 1,932 M while its latest quarter income was -10,660 K.
