KNX Stock Summary and Trading Ideas (Knight-Swift Transportation Holdings | NYSE:KNX)

Knight-Swift is the largest truckload, or TL, carrier in the us, with a diversified transportation offering. Pro forma for the us Xpress deal, about 82% of revenue derives from Knight's asset-based trucking business, with full-truckload (for-hire dry van, refrigerated, and dedicated contract) making up 69% and LTL at 13%. Truck brokerage and other asset-light logistics services make up 9% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class-I railroads for the underlying movement of its shipping containers and also include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue reflects services offered to shippers and third-party truckers including equipment maintenance and leasing.

Knight-Swift Transportation Holdings trades on the NYSE stock market under the symbol KNX.

As of May 14, 2024, KNX stock price climbed to $50.68 with 99,224 million shares trading.

KNX has a beta of 0.96, meaning it tends to be less sensitive to market movements. KNX has a correlation of 0.20 to the broad based SPY ETF.

KNX has a market cap of $8.18 billion. This is considered a Mid Cap stock.

Last quarter Knight-Swift Transportation Holdings reported $2 billion in Revenue and $.12 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.08.

In the last 3 years, KNX stock traded as high as $64.35 and as low as $42.50.

The top ETF exchange traded funds that KNX belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

KNX has underperformed the market in the last year with a return of -10.5%, while the SPY ETF gained +28.4%. In the last 3 month period, KNX fell short of the market, returning -14.3%, while SPY returned +5.9%. However, in the most recent 2 weeks KNX has outperformed the stock market by returning +8.2%, while SPY returned +2.3%.

KNX support price is $49.16 and resistance is $50.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KNX stock will trade within this expected range on the day.