KNX stock: buy or sell?

KNX stock price: $36.38 0.61% At close on December 6th, 2019

Updated on:
December 6th, 2019

2

Knight Transportation shares inched 0.61% to $36.38 on December/6. Dec/6 was the 3rd climbing session in a row, gaining 2.13%.

Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation and logistics services in the United States, Canada, and Mexico.

Should I buy KNX stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Knight Transportation stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Knight Transportation stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we gathered 7 ratings published for KNX stock in the last month.

The general sentiment of these ratings is bullish for KNX stock, with 4 positive ratings.
Is KNX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-5Susquehanna Bancsharesn/aPositive
2019-9-5Knight Equityn/aPositive
2019-7-8Morgan Stanleyn/aBuy
2019-7-25Stifel NicolausBuyHold
2019-7-25KeyCorpn/aOverweight
2019-7-25Bank of American/aBuy
2019-7-18Citigroupn/aBuy

KNX stock analysis

Daily outlook

Shares of Knight Transportation inched a slightly fine 0.61% and closed at $36.38.

Shares of Knight Transportation ended on December/6 at $36.38 and inched a slightly fine 0.61%. On August KNX price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On August, SMA50d and SMA100d crossed up triggering a rise of 5.11%.

KNX stock chart (daily)

Weekly outlook

Knight Transportation decreased an ugly -1.49% this week. Late October KNX skyrocketed a wonderful 5.49% in just one week.

Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $39.31 resistance. Since mid June when KNX stock price broke up the SMA40w line, it gained $6.31 (20.98%). Since SMA20d and SMA40w crossed up by mid May, KNX price climbed $5.07 per share (16.19%).

KNX stock chart (weekly)

KNX stock price history

KNX IPO was on October 25th, 1994 at $1.44 per share1. Since then, KNX stock grew a 2,426.40%, with a yearly average of 97.10%. If you had invested right after KNX's IPO a $1,000 in KNX stock in 1994, it would worth $24,264.00 today.

1: Adjusted price after possible price splits or reverse-splits.

KNX stock historical price chart

KNX stock reached 52-week highs on Nov/7 at $39.31, and all-time highs 2018-01-31 with a price of 51.24.

KNX stock price target is $42.50

How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 6 price targets for Knight Transportation stock released in the last month:
KNX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-5Susquehanna BancsharesInitiatesn/a$40.00-
2019-7-8Morgan StanleySet Price Targetn/a$48.00-
2019-7-25Stifel NicolausReiterates$39.00$40.002.6%
2019-7-25KeyCorpRaises Target$41.00$44.007.3%
2019-7-25Bank of AmericaRaises Target$38.00$43.0013.2%
2019-7-18CitigroupRaises Target$35.00$40.0014.3%
(in average)$38.30$42.5011.0%
The price prediction for Knight Transportation stock is $42.50, moving in a range between $48.00 and $40.00. In average, analysts' outlook on KNX price target is positive, increasing the prediction by a 11.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Knight Transportation posted its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
KNX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q4-n/an/an/a
2018-Q12018-04-250.40.4410.0%
2018-Q22018-07-250.560.560.0%
2018-Q32018-10-240.580.6512.1%
2018-Q42019-01-290.920.931.1%
2019-Q12019-04-230.54n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw an outstanding growth of 120.33% to $5,344.07 M USD. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) collapsed a -12.12% to 7.85%.

To have an up to date picture of the financial situation of Knight Transportation, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Knight Transportation TTM sales up to March 2019 were $5,277.47 and earnings were $436.84 M USD. If we compare this TTM figures with the last reported annuality, we can review Knight Transportation business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, slightly fell a bad -1.25%. Similarly, profit margin (net income/revenues) remained steady at 7.85%.

KNX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$1,102 M-$103 M9.3%-
2015$1,183 M7.31%$117 M9.9%13.47%
2016$1,118 M-5.49%$94 M8.4%-19.58%
2017$2,425 M116.94%$484 M20.0%415.96%
2018$5,344 M120.33%$419 M7.8%-13.43%
TTM $5,277 M-1.25%$437 M8.3%4.19%

Quarterly financial results

Knight Transportation reported $1,204.54 million in sales for 2019-Q1, a -13.63% decline compared to previous quarter. Reported quarter earnings marked $87.94 M with a profit margin of 7.30%. Profit margin declined a -3.58% compared to previous quarter when profit margin was 10.88%. When comparing revenues to same quarter last year, Knight Transportation sales marked an awful drop down and eased a -5.24%.
KNX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$963,831 M-$5,207 M0.5%-
2017-Q2$993,058 M3.03%$26,297 M2.6%405.03%
2017-Q4$1,359 M-99.86%$448 M32.9%-98.30%
2018-Q1$1,271 M-6.49%$70 M5.5%-84.28%
2018-Q2$1,332 M4.76%$91 M6.9%29.79%
2018-Q3$1,347 M1.12%$106 M7.9%15.94%
2018-Q4$1,395 M3.57%$152 M10.9%43.27%
2019-Q1$1,205 M-13.63%$88 M7.3%-42.03%

Knight Transportation ownership

When you are planning to invest in shares of a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Knight Transportation, 9.67% of all outstanding shares are owned by its staff.

Bearish positions for KNX stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

KNXCVTIHTLDMRTNPTSI
Market cap$6.2 B$206.9 M$1.7 B$1.1 B$311.0 M
Total shares170.7 M16.1 M82.0 M54.7 M5.8 M
Float shares122.3 M12.5 M46.0 M38.9 M1.4 M
  - Institutional holdings (%)90.5%75.9%61.0%70.3%27.6%
  - Insider holdings (%)9.7%36.8%48.9%29.1%67.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

KNX summary

Friday, December 6th, 2019
Open$36.58
Close$36.38
Day range$36.36 - $37.14
Previous close$36.16
Session gain0.61%
Average true range$0.82
50d mov avg$36.73
100d mov avg$35.83
200d mov avg$34.03
Daily pattern
Weekly pattern lb02a

Knight Transportation performance

To measure stock performance is always good to compare with competitors or related stocks. For Knight Transportation, the comparison is made against Covenant Transportation, Heartland Express, Marten Transport, P.A.M. Transportation Services, Universal Logistics, USA Truck and Werner Enterprises.
Stock3m6m12m
KNXKnight Transporta...1.65%20.98%27.16%
CVTICovenant Transpor...-16.46%-16.35%-38.27%
HTLDHeartland Express-2.83%13.63%9.07%
MRTNMarten Transport7.07%22.86%24.24%
PTSIP.A.M. Transporta...-5.34%-2.63%22.93%
ULHUniversal Logisti...-11.51%0.59%-6.83%
USAKUSA Truck-17.73%-32.60%-55.38%
WERNWerner Enterprise...10.17%25.18%32.42%

Knight Transportation competitors

One check before trading any stock is to review a list of its competitors, in this case for Knight Transportation. We selected 7 companies as Knight Transportation competitors as they are in the same industry or have similar market objectives.