Knight-Swift Transportation Holdings Inc. [NYSE:KNX]’s prices stumbled on Thursday.
Other data for the company is as follows:
- Stochastic %K of 37.74
- Weighted Alpha of 10.7
Day traders should note that the company’s next earning date is 10/21/2020. The company has price per sales of 1.49 and price per cash flow of 148.34.
The Bears are coming
Holding a Market Cap of $6.84 billion, Knight-Swift Transportation Holdings Inc. has seen a trading range over the last year of $27.54-$47.44.
For the last five days, KNX is up from its last closing price. The average shares trading hands each day is 2.28M, with average 10-day volume coming in at 2.9 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for KNX. When we apply the Elder Force Index to Knight-Swift Transportation Holdings Inc., we are seeing an Elder Force Indicator number of -1109018.9.
The recent performance of the stock is another area that can tell traders how to proceed. KNX is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 15.76. Moreover, the company’s enterprise value has gone from $7.87B to $6.30B quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, KNX made a profit of 102.17 million. Knight-Swift Transportation Holdings Inc. also saw quarter revenue growth year over year of -9.36%. In addition, the company has operating cash flow of $860.14 million.
Looking at popular technical indicators, the company’s 5-day moving average is 41.29 compared to the 50-day moving average of 43.64. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. KNX currently holds a 9-day RSI of 34.97%, while 100-day RSI stands at 50.20%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. KNX’s 9-day MACD is -0.18 and the company’s 100-day MACD stands at -1.78.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 27.75% by insiders and 92.31% by institutions. Regarding institutional holdings, FMR, LLC owns 9.41%, while the second top holder, Blackrock Inc., currently owns 7.02%.
Over the last six months, insiders have sold 1,062,885 with the most recent transaction from MOYES JERRY, Member of 10% group, with a sell at price 40.93 per share.
Overall, the recommended rating for KNX is Strong Buy. Currently, the company has 17 analysts watching the stock, and the average quarterly earnings estimate is 0.61. Quarterly revenue estimates are averaging 1.16B with the high estimate reaching 1.19B and the low at 1.09B.
To review, the current 1-year target estimate is sitting at 52.47, while the current price 40.18. Based on this, we expect the stock to rise considering the aforementioned fundamentals.