The trading price of Knight-Swift Transportation Holdings Inc (NYSE:KNX) closed higher on Tuesday, April 23, closing at $49.23, 2.24% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 36.71, while its 5Y monthly beta was 1.00. In examining the 52-week price action we see that the stock hit a 52-week high of $60.99 and a 52-week low of $45.73. Over the past month, the stock has lost -6.37% in value.
Knight-Swift Transportation Holdings Inc, whose market valuation is $7.95 billion at the time of this writing, is expected to release its quarterly earnings report Apr 24, 2024. The dividend yield on the company stock is 1.18%, while its Forward Dividend ratio is 0.58. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest KNX has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.87, which symbolizes a positive outlook. A quick review shows that KNX’s price is currently -5.15% off the SMA20 and -9.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 36.05, and weekly volatility stands at 3.28%. When measured over the past 30 days, the indicator reaches 2.26%. Knight-Swift Transportation Holdings Inc (NYSE:KNX)’s beta value is currently sitting at 1.02, while the Average True Range indicator is currently displaying 1.37.
To see how Knight-Swift Transportation Holdings Inc stock has been performing in comparison to its peers in the industry, here are the numbers: KNX stock’s performance was 2.24% in the latest trading, and -12.87% in the past year. Knight-Swift Transportation Holdings Inc has a P/E ratio of 36.71.
An evaluation of the daily trading volume of Knight-Swift Transportation Holdings Inc (NYSE:KNX) indicates that the 3-month average is 2.16 million.
Currently, records show that 161.38 million of the company’s shares remain outstanding. The insiders hold 3.23% of outstanding shares, whereas institutions hold 90.39%. However, since the stock’s price has seen -14.61% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
