Knight-Swift Transportation Holdings Inc (NYSE:KNX) price on Wednesday, April 17, fall -4.43% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $48.53.
A look at the stock’s price movement, the close in the last trading session was $50.78. The PE ratio in trailing twelve months stood at 36.19. Turning to its 52-week performance, $60.99 and $45.73 were the 52-week high and 52-week low respectively. Overall, KNX moved -7.77% over the past month.
Knight-Swift Transportation Holdings Inc’s market cap currently stands at around $7.84 billion. The company has a Forward Dividend ratio of 0.58, with its dividend yield at 1.20%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.29, which has seen fiscal year 2024 EPS growth forecast to increase to $2.23 and about $3.81 for fiscal year 2025. Per the data, EPS growth is expected to be 29.70% for 2024 and 70.90% for the next financial year.
Analysts have a consensus estimate of $1.87 billion for the company’s revenue for the quarter, with a low and high estimate of $1.77 billion and $1.99 billion respectively. The average forecast suggests up to a 14.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2024 to grow to $7.88 billion, representing a 90.30% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was — upward and — downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that KNX is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.71, with KNX’s current price about -8.17% and -12.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.16, while 7-day volatility ratio is 3.00% and 2.33% in the 30-day chart. Further, Knight-Swift Transportation Holdings Inc (KNX) has a beta value of 1.01, and an average true range (ATR) of 1.48.
If we refocus on Knight-Swift Transportation Holdings Inc (NYSE:KNX), historical trading data shows that trading volumes averaged 1.95 million over the past 3 months. The company’s latest data on shares outstanding shows there are 161.38 million shares.
The 3.23% of Knight-Swift Transportation Holdings Inc’s shares are in the hands of company insiders while institutional holders own 90.20% of the company’s shares. Current price change has pushed the stock -15.82% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KNX stock continues to rise going into the next quarter.
