On Friday, Knight-Swift Transportation Holdings Inc (NYSE: KNX) opened higher 0.25% from the last session, before settling in for the closing price of $51.82. Price fluctuations for KNX have ranged from $45.55 to $60.99 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 7.09% annually for the last half of the decade. Company’s average yearly earnings per share was noted -38.56% at the time writing. With a float of $156.82 million, this company’s outstanding shares have now reached $161.38 million.
In an organization with 34800 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 14.52%, operating margin of 2.56%, and the pretax margin is 0.97%.
Knight-Swift Transportation Holdings Inc (KNX) Insider and Institutional Ownership
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 3.11%, while institutional ownership is 94.47%. The most recent insider transaction that took place on Aug 13 ’24, was worth 101,140. In this transaction Director of this company sold 2,000 shares at a rate of $50.57, taking the stock ownership to the 17,648 shares. Before that another transaction happened on Aug 16 ’24, when Company’s Director sold 2,500 for $53.32, making the entire transaction worth $133,289. This insider now owns 21,833 shares in total.
Knight-Swift Transportation Holdings Inc (KNX) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.41 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.36) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -38.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 27.75% 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 0.88. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.41, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 2.29 in one year’s time.
Technical Analysis of Knight-Swift Transportation Holdings Inc (KNX)
Let’s dig in a bit further. During the last 5-days, its volume was 1.86 million. That was inferior than the volume of 2.05 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 59.13%. Additionally, its Average True Range was 1.56.
During the past 100 days, Knight-Swift Transportation Holdings Inc’s (KNX) raw stochastic average was set at 62.20%, which indicates a significant increase from 50.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.49% in the past 14 days, which was higher than the 30.09% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $52.19, while its 200-day Moving Average is $52.23. However, in the short run, Knight-Swift Transportation Holdings Inc’s stock first resistance to watch stands at $52.20. Second resistance stands at $52.46. The third major resistance level sits at $52.83. If the price goes on to break the first support level at $51.57, it is likely to go to the next support level at $51.20. The third support level lies at $50.94 if the price breaches the second support level.
Knight-Swift Transportation Holdings Inc (NYSE: KNX) Key Stats
There are currently 161,611K shares outstanding in the company with a market cap of 8.41 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 1,847 M and its income totaled 20,300 K.
