KNX stock: buy or sell?

KNX stock price: $32.23 -5.29% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

2

Knight Transportation ended today at $32.23 and collapsed a spooky -5.29%.

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. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Check the only buy setup that matches with Knight Transportation stock now:

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MAYes
100d MA crossing up 200d MANo

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

Knight Transportation collapsed a spooky -5.29% and closed at $32.23.

Shares of Knight Transportation collapsed a spooky -5.29% and closed at $32.23. Since last August/16 when KNX stock price broke up the SMA200d line, it gained $0.36 (1.13%). Since SMA100d and SMA200d crossed up on May, KNX price climbed $1.90 per share (6.26%).

KNX stock chart (daily)

Weekly outlook

Shares of Knight Transportation slipped a fatal -2.75% this week. Counting this, it's been 5 sliding weeks in a row, loosing $-4.75 (-14.17%). By mid July KNX rocketed a super good 9.33% in just one week. Late July KNX plunged a bloodcurdling -6.05% in just one week.

KNX shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $31.80 last week. Previous top ($39.26) will play as a resistance in possible new gains. Since price and SMA40w lines crossed up by mid June, KNX climbed $2.06 (6.83%). Since SMA20d and SMA40w crossed up by mid May, KNX price climbed $0.82 per share (2.61%).

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 1,979.40%, with a yearly average of 82.50%. If you had invested $1,000 in KNX stock in 1994, it would worth $19,794.00 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, 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 have 5 price forecasts 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%
Moving in a range from $48.00 and $40.00, the price target for KNX stock is $43.00. In average, analysts' outlook on KNX price target is positive, upgrading the forecast by a 12.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on April, Knight Transportation fell a tragic -7.73%. 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 turnover report draw an outstanding growth of 120.33% to $5,344.07 million dollars. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) plummed a -12.12% to 7.85%.

Knight Transportation fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Knight Transportation TTM sales up to March 2019 were $5,277.47 and income $436.84 M dollars. If we compare this TTM figures with the last reported annuality, we can esteem Knight Transportation business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, decreased a disappointing -1.25%. Aligned with this, profit margin (net income/revenues) stayed 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 posted $1,204.54 million in sales for 2019-Q1, a -13.63% decline compared to previous quarter. Reported quarter earnings marked $87.94 million with a profit margin of 7.30%. Profit margin decreased 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 a fateful correction 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 buy shares of a stock, it's always worth to check 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.

The following table compares ownership indicators for other stocks related to Knight Transportation:

KNXCVTIHTLDMRTNPTSI
Market cap$5.6 B$235.5 M$1.6 B$1.1 B$312.3 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

Friday, August 23rd, 2019
Open$33.68
Close$32.23
Day range$32.09 - $33.88
Previous close$34.03
Session gain-5.29%
Average true range$1.49
50d mov avg$33.82
100d mov avg$32.87
200d mov avg$32.00
Daily patternlt03a
Weekly pattern lb03a

Knight Transportation performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Knight Transportation performance to Covenant Transportation, Heartland Express, Marten Transport, P.A.M. Transportation Services, Universal Logistics, USA Truck and Werner Enterprises:
Stock3m6m12m
KNXKnight Transporta...7.65%-3.70%-1.04%
CVTICovenant Transpor...-10.91%-40.34%-48.82%
HTLDHeartland Express5.82%-3.61%-0.15%
MRTNMarten Transport4.38%0.92%-9.51%
PTSIP.A.M. Transporta...-8.31%-0.35%-18.48%
ULHUniversal Logisti...0.90%-8.96%-43.58%
USAKUSA Truck-36.76%-57.28%-62.67%
WERNWerner Enterprise...8.91%2.94%-1.54%

Knight Transportation competitors

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