KNX stock: buy or sell?
August 23rd, 2019
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:
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||Yes|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-25||Bank of America||n/a||Buy|
|2019-1-22||Wolfe Research||Outperform||Market Perform|
KNX stock analysis
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%).
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 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 $43.00How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-8||Morgan Stanley||Set Price Target||n/a||$48.00||-|
|2019-7-25||Bank of America||Raises Target||$38.00||$43.00||13.2%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, Knight Transportation fell a tragic -7.73%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|2014||$1,102 M||-||$103 M9.3%||-|
|2015||$1,183 M||7.31%||$117 M9.9%||13.47%|
|2016||$1,118 M||-5.49%||$94 M8.4%||-19.58%|
|2017||$2,425 M||116.94%||$484 M20.0%||415.96%|
|2018||$5,344 M||120.33%||$419 M7.8%||-13.43%|
|TTM||$5,277 M||-1.25%||$437 M8.3%||4.19%|
Quarterly financial resultsKnight 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%.
|2017-Q1||$963,831 M||-||$5,207 M0.5%||-|
|2017-Q2||$993,058 M||3.03%||$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 M||4.76%||$91 M6.9%||29.79%|
|2018-Q3||$1,347 M||1.12%||$106 M7.9%||15.94%|
|2018-Q4||$1,395 M||3.57%||$152 M10.9%||43.27%|
|2019-Q1||$1,205 M||-13.63%||$88 M7.3%||-42.03%|
Knight Transportation ownershipWhen 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:
|Market cap||$5.6 B||$235.5 M||$1.6 B||$1.1 B||$312.3 M|
|Total shares||173.1 M||16.0 M||82.0 M||54.6 M||6.2 M|
|Float shares||123.9 M||12.5 M||45.1 M||38.9 M||1.5 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$32.09 - $33.88|
|Average true range||$1.49|
|50d mov avg||$33.82|
|100d mov avg||$32.87|
|200d mov avg||$32.00|
Knight Transportation performancePerformance 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: