KNX stock: buy or sell?
December 6th, 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?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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|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 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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-25||Bank of America||n/a||Buy|
KNX stock analysis
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%.
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 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 $42.50How 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:
|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 ShareSince April, when Knight Transportation posted its last earnings report, it . 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 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%.
|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 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%.
|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 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:
|Market cap||$6.2 B||$206.9 M||$1.7 B||$1.1 B||$311.0 M|
|Total shares||170.7 M||16.1 M||82.0 M||54.7 M||5.8 M|
|Float shares||122.3 M||12.5 M||46.0 M||38.9 M||1.4 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, December 6th, 2019|
|Day range||$36.36 - $37.14|
|Average true range||$0.82|
|50d mov avg||$36.73|
|100d mov avg||$35.83|
|200d mov avg||$34.03|
Knight Transportation performanceTo 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.