Knight-Swift Transportation Holdings Inc. (NYSE:KNX) does about 1.90M shares in volume on a normal day but saw 2020727 shares change hands in Monday trading. The company now has a market cap of 9.08B USD. Its current market price is $57.35, marking an increase of 1.58% compared to the previous close of $56.46. The 52 week high reached by this stock is $58.72 whilst the lowest price level in 52 weeks is $42.50. The script in recent trading has seen the stock touch a high of $57.97 and a low of $56.585.
Knight-Swift Transportation Holdings Inc. (KNX) has a 20-day trading average at $54.50 and the current price is -2.33% off the 52-week high compared with 34.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $54.46 and its 200-day simple moving average is $50.53. If we look at the stock’s price movements over the week, volatility stands at 2.42%, which increases to 2.45% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.44 to suggest the stock is neutral.
The consensus objective for the share price is $62.55, suggesting that the stock has a potential upside of 8.31% over the period. The median price target is 8.97% away from the current levels at $63.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 09, 2023 when Susquehanna downgraded the stock to “Neutral” and issued a price target of between $63 and $60. Raymond James reiterated its price target at $55-$53.
The current price level is 5.73%, 5.64%, and 13.63% away from its SMA20, SMA50, and SMA200 respectively, with the KNX price moving above the 50-day SMA on January 23. Knight-Swift Transportation Holdings Inc. (KNX) stock is up 4.01% over the week and 12.27% over the past month. Its price is 9.43% year-to-date and 1.70% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $1.27 below consensus estimates by -$0.05. The company’s next earnings report is expected on 04/19/2023, with forecasts estimating quarterly EPS at $1.13 and $5.16 for whole year. KNX’s earnings per share are forecast to grow by 9.30% this year and -19.40% over next year. Expected sales for next quarter are $1.73 billion, which analysts say will come at $7.5 billion for the current fiscal year and next year at $7.13 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.83 billion.
To reach the target analysts have set, the stock logically needs to grow 8.31 percent from here.
Outstanding shares total 160.66M with insiders holding 10.05% of the shares and institutional holders owning 94.34% of the company’s common stock. The company has a return on investment of 8.50% and return on equity of 13.20%. The price to earnings ratio (P/E ratio) amounts to 10.77 while the forward price to earnings ratio is 13.78. The beta has a value of 1.15. Price to book ratio is 1.35 and price to sales ratio is 1.21.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Mid Cap ETF has reduced its position in Knight-Swift Transportation Holdings Inc. (KNX) to 4,957,779 shares, mirroring a recent drop by -0.02%. iShares Core S&P Mid Cap ETF dumped 944.0 shares of Knight-Swift Transportation Holdings Inc. common stock bringing its total worth to about $259.84 million at the end of recent close, SEC documents show. iShares Core S&P Mid Cap ETF isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 52347.0 shares to end up with 4,639,544 shares worth $243.16 million. Vanguard Windsor Funds – Vanguard raise their holdings by 10.62% in the company over the course of the most recent quarter. It now holds a 2.63% position in Knight-Swift Transportation Holdings Inc. thanks to 4.23 million shares amounting to $221.78 million.