KNX stock: buy or sell?

KNX stock price: $34.36 3.68% At close on August 19th, 2019

Updated on:
August 19th, 2019

2

After breaking up the SMA line of 200 days yesterday, Knight Transportation shares closed at $34.36, rocketed a 3.68%. On August 9th KNX collapsed a scary -5.85%.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Knight Transportation stock situation right now, therefore this is not a suitable entry point.

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 collected 6 ratings published for KNX stock in the last 30 days.

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
2019-7-8Morgan Stanleyn/aBuy
2019-7-25Stifel NicolausBuyHold
2019-7-25KeyCorpn/aOverweight
2019-7-25Bank of American/aBuy
2019-7-18Citigroupn/aBuy
2019-1-22Wolfe ResearchOutperformMarket Perform

KNX stock analysis

Daily outlook

After breaking up the SMA line of 200d yesterday, Knight Transportation shares closed at $34.36, rocketed a 3.68%.

After breaking up the simple moving average line of 200d yesterday, Knight Transportation closed at $34.36, rocketed a 3.68%. Since May when SMA100d and SMA200d crossed up, KNX price gained $4.03 per share (13.29%).

KNX stock chart (daily)

Weekly outlook

Knight Transportation shares jumped 3.68% this week, ending at $34.36. By mid July KNX climbed a dazzling 9.33% in just one week. Late July KNX plunged a scary -6.05% in just one week.

KNX marked an uptrend of rising tops and rising bottoms. Since its last top late July at $39.26, price slid and bounced up back from $31.80. Breaking down under $31.80 would cancel the current uptrend and it might test lower supports. Note that $39.26 might act as a resistance line. Since mid June when KNX stock price broke up the SMA40w line, it gained $4.19 (13.89%). Since SMA20d and SMA40w crossed up by mid May, KNX price climbed $2.95 per share (9.39%).

KNX stock chart (weekly)

KNX stock price history

KNX IPO was on October 25th, 1994 at $1.55 per share1. Since then, KNX stock grew a 2,116.80%, with an average of 88.20% per year. If you had invested $1,000 in KNX stock in 1994, it would worth $21,168.00 today.

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

KNX stock historical price chart

KNX stock reached 52-week highs on Jul 24th at $39.26, and all-time highs 2018-01-31 with a price of 51.42.

KNX stock price target is $43.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' KNX stock price predictions in the hope that they will be met as they may be wrong and not met. We found 5 price targets for KNX stock released in the last month:
KNX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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$43.0012.0%
The price prediction for Knight Transportation stock is $43.00, moving in a range between $48.00 and $40.00. In average, analysts' outlook on KNX price target is positive, increasing the forecast by a 12.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After publishing its last earnings report on April, Knight Transportation decreased a bad -1.63%. As soon as we get its actual EPS from the earnings report, we will extend this review.
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

In 2018, Knight Transportation annual sales skyrocketed an amazing 120.33% to $5,344.07 million dollars from $2,425.45 marked in 2017. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) collapsed a -12.12% to 7.85%.

To have an updated 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 income was $436.84 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem Knight Transportation business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, decreased an ugly -1.25%. Regarding profit margin, Knight Transportation remained constant 0.43% to 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 posted $1,204.54 million in sales for 2019-Q1, a -13.63% less compared to previous quarter. Reported quarter earnings marked $87.94 M with a profit margin of 7.30%. Profit margin depreciated a -3.58% compared to previous quarter when profit margin was 10.88%. When comparing turnover to same quarter last year, Knight Transportation sales marked a fatal drop down and slipped 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 stock, it's always worth to review its ownership structure.

Knight Transportation shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 9.67% of all shares.

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

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

KNXCVTIHTLDMRTNPTSI
Market cap$5.9 B$226.2 M$1.6 B$1.1 B$289.3 M
Total shares173.1 M16.0 M82.0 M54.6 M6.2 M
Float shares123.9 M12.5 M45.1 M38.9 M1.5 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

Monday, August 19th, 2019
Open$33.89
Close$34.36
Day range$33.93 - $34.99
Previous close$33.14
Session gain3.68%
Average true range$1.60
50d mov avg$33.65
100d mov avg$32.82
200d mov avg$31.99
Daily patternlt01a
Weekly pattern lb03a

Knight Transportation performance

To measure stock performance is always good to compare with competitors or related stocks. For Knight Transportation, the benchmark is made against Covenant Transportation, Heartland Express, Marten Transport, P.A.M. Transportation Services, Universal Logistics, USA Truck and Werner Enterprises.
Stock3m6m12m
KNXKnight Transporta...14.76%2.66%5.50%
CVTICovenant Transpor...-18.66%-41.85%-53.32%
HTLDHeartland Express0.20%-5.34%-0.35%
MRTNMarten Transport0.68%3.09%-13.84%
PTSIP.A.M. Transporta...-16.43%-6.29%-21.47%
ULHUniversal Logisti...-6.45%-10.51%-42.30%
USAKUSA Truck-41.81%-57.69%-61.62%
WERNWerner Enterprise...5.08%3.15%-2.48%

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.