Will Knight-Swift Transportation Holdings Inc. (KNX) Keep On Trucking?

Despite closing 0.31 points higher on 14 March, Knight-Swift Transportation Holdings Inc. (NYSE:KNX) remains a key investment for many, but the stock is also a popular trading vehicle. Here’s how to trade it using charts and trading levels Friday. The shares accumulated 0.9 percent at $34.77 with a light trade volume of 2.062 million shares. After opening the session at $34.4, the shares went as high as $34.9 and as low as $34.13, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $6.1 billion and now has 175.3 million shares outstanding. Knight-Swift Transportation Holdings Inc. (KNX) stock has gained 7.45 percent of market value in 21 trading days.

KNX stock has a trailing 3-year beta of 1.93, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.36 a share in the trailing twelve months. The stock’s value has surged 38.69 percent year to date (YTD) against a decline of -29.52 percent in 12 month’s time. The company’s shares still trade -30.94 percent away from its 1-year high of $50.35 and 49.42 percent up from 52-week low of $23.27. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Knight-Swift Transportation Holdings Inc. (KNX) will probably climb 20.1 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $52-month high price target. This represents a whopping 49.55 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $43, which represents a return potential of 23.67 percent when compared to the closing price of the stock of $34.77 on Thursday, March 14. The lowest price target for the stock is $34 — slightly more than -2.21 percent from KNX’s current share price.

History has shown that shares in Knight-Swift Transportation Holdings Inc. have gone down on 21 different earnings reaction days and are predicted to add 0.03 percent when the company reports upcoming earnings.

The stock is currently hovering around the first support level of $34.3. Below this, the next support is placed in the zone of $33.83. Till the time, the KNX stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 62.82 on daily chart, which may remain a cause for concern. If the price breaks below $33.83 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $35.07 mark may result into a pull-back move towards $35.37 level.

Further, it is sporting a 1.14 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.74. 57.3 percent is the gross profit margin for Knight-Swift Transportation Holdings Inc. and operating margin sits at 10.6 percent. Along with this, the net profit margin is 7.8 percent.