Knight Transportation Stock Analysis
KNX Stock | USD 48.51 0.72 1.46% |
Knight Transportation is undervalued with Real Value of 55.76 and Target Price of 60.28. The main objective of Knight Transportation stock analysis is to determine its intrinsic value, which is an estimate of what Knight Transportation is worth, separate from its market price. There are two main types of Knight Transportation's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Knight Transportation's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Knight Transportation's stock to identify patterns and trends that may indicate its future price movements.
The Knight Transportation stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Knight Transportation is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Knight Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Knight Transportation's ongoing operational relationships across important fundamental and technical indicators.
Knight |
Knight Stock Analysis Notes
About 91.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.16. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Knight Transportation has Price/Earnings To Growth (PEG) ratio of 0.78. The entity last dividend was issued on the 7th of March 2024. The firm had 3:2 split on the 27th of December 2005. Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada. Knight-Swift Transportation Holdings Inc. was incorporated in 1989 and is headquartered in Phoenix, Arizona. Knight-Swift Transporation operates under Trucking classification in the United States and is traded on New York Stock Exchange. It employs 27400 people. To find out more about Knight Transportation contact David Jackson at 602 269 2000 or learn more at https://knight-swift.com.Knight Transportation Quarterly Total Revenue |
|
Knight Transportation Investment Alerts
Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Knight Transportation's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Knight Transportation or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
Knight Transportation generated a negative expected return over the last 90 days | |
Over 91.0% of the company shares are owned by institutional investors | |
On 25th of March 2024 Knight Transportation paid $ 0.16 per share dividend to its current shareholders | |
Latest headline from investing.com: Knight Transportation receives stock price target cut amid earnings miss |
Knight Transportation Upcoming and Recent Events
Earnings reports are used by Knight Transportation to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Knight Transportation previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
18th of April 2024 Upcoming Quarterly Report | View | |
18th of July 2024 Next Financial Report | View | |
31st of March 2024 Next Fiscal Quarter End | View | |
22nd of January 2025 Next Fiscal Year End | View | |
31st of December 2023 Last Quarter Report | View | |
31st of December 2023 Last Financial Announcement | View |
Knight Largest EPS Surprises
Earnings surprises can significantly impact Knight Transportation's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
---|---|---|---|---|---|---|---|
2001-10-17 | 2001-09-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2001-04-18 | 2001-03-31 | 0.07 | 0.08 | 0.01 | 14 | ||
2000-07-19 | 2000-06-30 | 0.08 | 0.09 | 0.01 | 12 |
Knight Transportation Thematic Classifications
In addition to having Knight Transportation stock in your portfolios, you can add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your favorite investment opportunity, you can then obtain an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility. If you are a result-oriented investor, you can benefit from optimizing one of our existing themes to build an efficient portfolio against your specific investing outlook.
TransportationUSA Equities from Transportation industry as classified by Fama & French |
Knight Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Knight Transportation is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Knight Transportation backward and forwards among themselves. Knight Transportation's institutional investor refers to the entity that pools money to purchase Knight Transportation's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Geode Capital Management, Llc | 2023-12-31 | 2.5 M | Jpmorgan Chase & Co | 2023-12-31 | 2.5 M | Alliancebernstein L.p. | 2023-12-31 | 1.9 M | Anomaly Capital Management, Lp | 2023-12-31 | 1.9 M | Ensign Peak Advisors Inc | 2023-12-31 | 1.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.6 M | Ceredex Value Advisors Llc | 2023-12-31 | 1.6 M | Steadfast Capital Management Llc | 2023-12-31 | 1.5 M | Northern Trust Corp | 2023-12-31 | 1.3 M | Blackrock Inc | 2023-12-31 | 16 M | Wellington Management Company Llp | 2023-12-31 | 15.7 M |
Knight Market Capitalization
The company currently falls under 'Mid-Cap' category with a total capitalization of 7.93 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Knight Transportation's market, we take the total number of its shares issued and multiply it by Knight Transportation's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Knight Profitablity
Knight Transportation's profitability indicators refer to fundamental financial ratios that showcase Knight Transportation's ability to generate income relative to its revenue or operating costs. If, let's say, Knight Transportation is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Knight Transportation's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Knight Transportation's profitability requires more research than a typical breakdown of Knight Transportation's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.03 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. Last Reported | Projected for Next Year | ||
Return On Tangible Assets | 0.03 | 0.03 | |
Return On Capital Employed | 0.03 | 0.03 | |
Return On Assets | 0.02 | 0.02 | |
Return On Equity | 0.03 | 0.03 |
Management Efficiency
Knight Transportation has Return on Asset of 0.0149 % which means that on every $100 spent on assets, it made $0.0149 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0307 %, implying that it generated $0.0307 on every 100 dollars invested. Knight Transportation's management efficiency ratios could be used to measure how well Knight Transportation manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.03 in 2024. Return On Capital Employed is likely to drop to 0.03 in 2024. At this time, Knight Transportation's Asset Turnover is fairly stable compared to the past year.Last Reported | Projected for Next Year | ||
Book Value Per Share | 43.97 | 46.17 | |
Net Current Asset Value | 0.00 | 0.00 | |
Tangible Asset Value | 0.00 | 0.00 | |
Tangible Book Value Per Share | 7.42 | 4.22 | |
Enterprise Value Over EBITDA | 10.69 | 11.23 | |
Price Book Value Ratio | 1.31 | 1.25 | |
Enterprise Value Multiple | 10.69 | 11.23 | |
Price Fair Value | 1.31 | 1.25 | |
Enterprise Value | 6.4 B | 6.7 B |
The analysis of Knight Transportation's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Knight Transportation's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Knight Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.013 | Forward Dividend Yield 0.013 | Forward Dividend Rate 0.64 | Beta 0.996 |
Technical Drivers
As of the 24th of April, Knight Transportation secures the Mean Deviation of 1.2, risk adjusted performance of (0.05), and Standard Deviation of 1.58. Knight Transportation technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Knight Transportation, which can be compared to its peers in the industry. Please verify Knight Transportation standard deviation and potential upside to decide if Knight Transportation is priced some-what accurately, providing market reflects its recent price of 48.51 per share. Given that Knight Transportation has information ratio of (0.16), we recommend you to check Knight Transportation's last-minute market performance to make sure the company can sustain itself at a future point.Knight Transportation Price Movement Analysis
The output start index for this execution was two with a total number of output elements of fifty-nine. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Knight Transportation middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Knight Transportation. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Knight Transportation Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Knight Transportation insiders, such as employees or executives, is commonly permitted as long as it does not rely on Knight Transportation's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Knight Transportation insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Gary Knight over a month ago Disposition of 7410 shares by Gary Knight of Knight Transportation subject to Rule 16b-3 | ||
Andrew Hess over a month ago Acquisition by Andrew Hess of 2565 shares of Knight Transportation subject to Rule 16b-3 | ||
Vander Ploeg David over three months ago Bona fide gift to Vander Ploeg David of 2000 shares of Knight Transportation subject to Section 16 | ||
Yu Wayne over a year ago Knight Transportation exotic insider transaction detected |
Knight Transportation Predictive Daily Indicators
Knight Transportation intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Knight Transportation stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Knight Transportation Corporate Filings
8K | 17th of April 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
8th of April 2024 Other Reports | ViewVerify | |
4th of April 2024 Other Reports | ViewVerify | |
F4 | 15th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 14th of March 2024 An amendment to a previously filed Form 8-K | ViewVerify |
F4 | 8th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
F3 | 4th of March 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
8K | 1st of March 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Knight Transportation Forecast Models
Knight Transportation's time-series forecasting models are one of many Knight Transportation's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Knight Transportation's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Knight Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Knight Transportation prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Knight shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Knight Transportation. By using and applying Knight Stock analysis, traders can create a robust methodology for identifying Knight entry and exit points for their positions.
Last Reported | Projected for Next Year | ||
Pretax Profit Margin | 0.04 | 0.04 | |
Operating Profit Margin | 0.05 | 0.05 | |
Net Profit Margin | 0.03 | 0.03 | |
Gross Profit Margin | 0.11 | 0.10 |
Current Knight Analysis - Recommendations
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Knight analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Knight analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Price | Advice | # of Analysts | |
60.28 | Strong Buy | 18 | Odds |
Most Knight analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Knight stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Knight Transportation, talking to its executives and customers, or listening to Knight conference calls.
Knight Stock Analysis Indicators
Knight Transportation stock analysis indicators help investors evaluate how Knight Transportation stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Knight Transportation shares will generate the highest return on investment. By understating and applying Knight Transportation stock analysis, traders can identify Knight Transportation position entry and exit signals to maximize returns.
Begin Period Cash Flow | 382.6 M | |
Long Term Debt | 1.8 B | |
Common Stock Shares Outstanding | 161.8 M | |
Total Stockholder Equity | 7.1 B | |
Tax Provision | 54.8 M | |
Quarterly Earnings Growth Y O Y | -0.694 | |
Property Plant And Equipment Net | 5.1 B | |
Cash And Short Term Investments | 466.4 M | |
Cash | 465.8 M | |
Accounts Payable | 355.2 M | |
Net Debt | 2.2 B | |
50 Day M A | 54.3046 | |
Total Current Liabilities | 1.8 B | |
Other Operating Expenses | 6.8 B | |
Non Current Assets Total | 11.2 B | |
Forward Price Earnings | 22.6757 | |
Non Currrent Assets Other | -351.1 M | |
Stock Based Compensation | -1.6 B |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Knight Transportation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Knight Stock analysis
When running Knight Transportation's price analysis, check to measure Knight Transportation's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Knight Transportation is operating at the current time. Most of Knight Transportation's value examination focuses on studying past and present price action to predict the probability of Knight Transportation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Knight Transportation's price. Additionally, you may evaluate how the addition of Knight Transportation to your portfolios can decrease your overall portfolio volatility.
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Content Syndication Quickly integrate customizable finance content to your own investment portal | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Fundamental Analysis View fundamental data based on most recent published financial statements | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Commodity Channel Use Commodity Channel Index to analyze current equity momentum | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
Is Knight Transportation's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Knight Transportation. If investors know Knight will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Knight Transportation listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.69) | Dividend Share 0.56 | Earnings Share 1.34 | Revenue Per Share 44.307 | Quarterly Revenue Growth 0.108 |
The market value of Knight Transportation is measured differently than its book value, which is the value of Knight that is recorded on the company's balance sheet. Investors also form their own opinion of Knight Transportation's value that differs from its market value or its book value, called intrinsic value, which is Knight Transportation's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Knight Transportation's market value can be influenced by many factors that don't directly affect Knight Transportation's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Knight Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if Knight Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Knight Transportation's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.