Expanding its Growth Runway Ahead: Knight-Swift Transportation Holdings Inc. (KNX)

Knight-Swift Transportation Holdings Inc.’s stock (NYSE:KNX) has been rated as Outperform by Wolfe Research. This latest rating was contained in a recent research note published by the firm on January 07, 2020. Some experts on Wall Street have also posted a report on Knight-Swift Transportation Holdings Inc. (KNX) stock.

Cowen rated the stock as a Market Perform in a research noted published on December 20, 2019. Goldman rated the stock as a Buy in a research note published on December 05, 2019.

As it stands, a total of 19 analysts are covering KNX stock, with 13 of them rating it as a Buy while 1 of them rating it as Overweight. 5 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that Knight-Swift Transportation Holdings Inc. (KNX) stock has an average rating of Overweight.

Knight-Swift Transportation Holdings Inc. (KNX) which is currently valued at 6.45 billion, with the company publishing its last earnings report on 10/23/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 1.22 billion, which was lower than the forecast of 1.29 billion made by some analysts. For that same quarter, Knight-Swift Transportation Holdings Inc. (KNX) posted $0.93 earnings per share (EPS) which was above the analyst consensus estimate of $0.85 by $0.08, which represents an increase by 9.40%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, KNX price has surged by 2.81%. A look at its price performance over the past three months sees the stock go up by 2.73%, while it has gain 6.28% over the past six months and 30.48% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on Knight-Swift Transportation Holdings Inc. (KNX) has seen its stock trading -3.33% below its three-month high price. A look at the other side also sees stock trading +11.94% above its three-month low. A wider look sees KNX trading -3.33% below its 52-week high and 40.81% above from its 52-week low price.

Shareholders of the company sometimes like to find out how their investments are growing. Knight-Swift Transportation Holdings Inc. (KNX) has so far given an ROE of 7.10%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. Knight-Swift Transportation Holdings Inc. (KNX)’s ROA at the moment stands at 4.80%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.

Knight-Swift Transportation Holdings Inc. (KNX) has a return on investment (ROI) of 6.80%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at Knight-Swift Transportation Holdings Inc. (KNX)’s trading volatility. Its 7-day volatility is around 2.13%, while it has a monthly volatility of 2.27%. KNX has an ATR (Average True Range) of 0.85 and a beta factor of 1.83. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of KNX lifted by $0.09 during the normal trading session on Thursday to trade at $38.06. The Knight-Swift Transportation Holdings Inc. (KNX) stock has a trading volume of 1.52 million shares, which is low, compared to its average daily volume of 1.57M shares.