Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded a decrease of -15.85%. However, over the last six months, the performance has been stronger by -3.00%. The price of KNX decreased -6.91% over the last 30 days. And in the last five days, it has fallen by -0.04%.
Knight-Swift Transportation Holdings Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $60.99 on 02/07/24, while the lowest price for the same period was registered at $45.73 on 10/19/23.
52-week price history of KNX Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Knight-Swift Transportation Holdings Inc’s current trading price is -20.46% away from its 52-week high, while its distance from the 52-week low is 6.08%. The stock’s price range during this period has varied between$45.73 and $60.99. The Knight-Swift Transportation Holdings Inc’s shares, which operate in the Industrials, saw a trading volume of around 3.3 million for the day, a figure considerably higher than their average daily volume of 2.16 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Knight-Swift Transportation Holdings Inc (KNX) has experienced a quarterly decline of -14.86% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.83B and boasts a workforce of 34800 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 55.64, with a change in price of -4.72. Similarly, Knight-Swift Transportation Holdings Inc recorded 2,116,656 in trading volume during the last 100 days, posting a change of -8.87%.
KNX’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for KNX stands at 0.38. Similarly, the long-term debt-to-equity ratio is also 0.29.
KNX Stock Stochastic Average
As of today, Knight-Swift Transportation Holdings Inc’s raw stochastic average for the last 50 days stands at 19.20%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 28.54%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 29.80% and 27.36%, respectively.
