In yesterday’s Wall Street session, Knight-Swift Transportation Holdings Inc (NYSE:KNX) shares traded at $51.94, down -1.52% from the previous session.
KNX stock price is now -0.61% away from the 50-day moving average and -0.39% away from the 200-day moving average. The market capitalization of the company currently stands at $8.41B.
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With the price target enhanced from $55 to $56, TD Cowen maintained Buy rating for Knight-Swift Transportation Holdings Inc (NYSE: KNX). On October 09, 2024, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $55, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, GARNREITER MICHAEL, Director sold 2,000 shares of the company’s stock on Aug 13 ’24. The stock was sold for $101,140 at an average price of $50.57. Upon completion of the transaction, the Director now directly owns 17,648 shares in the company, valued at $0.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Director SYNOWICKI ROBERT E JR sold 2,500 shares of the business’s stock. A total of $133,289 was realized by selling the stock at an average price of $53.32. This leaves the insider owning 21,833 shares of the company worth $1.13 million. A total of 3.11% of the company’s stock is owned by insiders.
During the past 12 months, Knight-Swift Transportation Holdings Inc has had a low of $45.55 and a high of $60.99. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.01, and a quick ratio of 0.88. According to the stock market information, the enterprise value for the company is $11615448064, which is based on a 225.14 price-to-earnings ratio, a 8.11 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for KNX is $52.2588 and a two-hundred day moving average price translates $52.14425 for the stock.
The latest earnings results from Knight-Swift Transportation Holdings Inc (NYSE: KNX) was released for 2024-09-30. The net profit margin was 0.50% and return on equity was 0.53% for KNX. The company reported revenue of $1.85 billion for the quarter, compared to $1.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.91 percent.
