On Tuesday, Knight-Swift Transportation Holdings Inc (NYSE: KNX) opened higher 0.06% from the last session, before settling in for the closing price of $50.75. Price fluctuations for KNX have ranged from $45.73 to $60.99 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 7.09%. Company’s average yearly earnings per share was noted 27.92% at the time writing. With a float of $156.27 million, this company’s outstanding shares have now reached $161.38 million.
Considering the fact that the conglomerate employs 34800 people, you should pay attention to its efficiency factor.
Knight-Swift Transportation Holdings Inc (KNX) Insider Activity
A key investor’s attitude towards the stock of the Trucking industry is another important factor to consider. The insider ownership of Knight-Swift Transportation Holdings Inc is 3.23%, while institutional ownership is 90.11%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 27.92% 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
Check out the current performance indicators for Knight-Swift Transportation Holdings Inc (KNX). In the past quarter, the stock posted a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.15. Likewise, its price to free cash flow for the trailing twelve months is 91.06.
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 3.77 in one year’s time.
Technical Analysis of Knight-Swift Transportation Holdings Inc (KNX)
Compared to the last year’s volume of 1.94 million, its volume of 1.6 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.29%. Additionally, its Average True Range was 1.21.
During the past 100 days, Knight-Swift Transportation Holdings Inc’s (KNX) raw stochastic average was set at 4.67%, which indicates a significant decrease from 9.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.01% in the past 14 days, which was higher than the 24.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $55.46, while its 200-day Moving Average is $54.61. Nevertheless, the first resistance level for the watch stands at $51.23 in the near term. At $51.67, the stock is likely to face the second major resistance level. The third major resistance level sits at $52.15. If the price goes on to break the first support level at $50.31, it is likely to go to the next support level at $49.83. Should the price break the second support level, the third support level stands at $49.39.
Knight-Swift Transportation Holdings Inc (NYSE: KNX) Key Stats
There are currently 161,494K shares outstanding in the company with a market cap of 8.20 billion. Presently, the company’s annual sales total 7,142 M according to its annual income of 217,150 K. Last quarter, the company’s sales amounted to 1,932 M and its income totaled -10,660 K.
