Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $48.15 in the prior trading day, Knight-Swift Transportation Holdings Inc (NYSE: KNX) closed at $49.23, up 2.24%. In other words, the price has increased by $2.24 from its previous closing price. On the day, 2.44 million shares were traded. KNX stock price reached its highest trading level at $49.48 during the session, while it also had its lowest trading level at $48.25.
Ratios:
Our goal is to gain a better understanding of KNX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 88.28. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on April 18, 2024, Reiterated its Buy rating but revised its target price to $52 from $58 previously.
On April 18, 2024, Loop Capital Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $63 to $53.
TD Cowen reiterated its Outperform rating for the stock on November 29, 2023, while the target price for the stock was revised from $58 to $61.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 ’24 when Flanagan Cary M sold 2,000 shares for $56.24 per share. The transaction valued at 112,490 led to the insider holds 5,118 shares of the business.
Harrington Timothy Sean sold 1,200 shares of KNX for $62,400 on Nov 17 ’23. The Exec Vice Pres Sales now owns 5,278 shares after completing the transaction at $52.00 per share. On Nov 15 ’23, another insider, Fitzsimmons James L, who serves as the EVP – Operations of the company, sold 2,664 shares for $53.73 each. As a result, the insider received 143,144 and left with 4,632 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KNX now has a Market Capitalization of 7926472704 and an Enterprise Value of 10823870464. As of this moment, Knight-Swift’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.71, and their Forward P/E ratio for the next fiscal year is 15.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 1.516 whereas that against EBITDA is 10.63.
Stock Price History:
Over the past 52 weeks, KNX has reached a high of $60.99, while it has fallen to a 52-week low of $45.73. The 50-Day Moving Average of the stock is -9.70%, while the 200-Day Moving Average is calculated to be -9.63%.
Shares Statistics:
The stock has traded on average 2.16M shares per day over the past 3-months and 3181260 shares per day over the last 10 days, according to various share statistics. A total of 161.38M shares are outstanding, with a floating share count of 156.27M. Insiders hold about 3.23% of the company’s shares, while institutions hold 90.39% stake in the company. Shares short for KNX as of 1711584000 were 3627881 with a Short Ratio of 1.68, compared to 1709164800 on 3631072. Therefore, it implies a Short% of Shares Outstanding of 3627881 and a Short% of Float of 2.32.
Dividends & Splits
In the trailing 12 months, KNX’s forward annual dividend rate was 0.56, compared to 0.58 this year. Against a Trailing Annual Dividend Yield of 0.011630322The stock’s 5-year Average Dividend Yield is 0.79.
