How Does Knight-Swift Transportation Holdings Inc. (KNX) Stack Up Right Now?

Knight-Swift Transportation Holdings Inc. (KNX) is an interesting player in the Services space, with a focus on Trucking. The stock has been active on the tape, currently trading at $40.00, down from yesterday’s close by -1.16%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the industry space? Let’s take a look. Knight-Swift Transportation Holdings Inc. (KNX) currently trades with a market capitalization of $6.95 Billion.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For KNX, you can get a sense of how sustainable that is by a levered free cash flow of $ over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.28 on a per share basis this quarter. Perhaps, that suggests something about why 13.87% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Knight-Swift Transportation Holdings Inc. recorded a 52-week high of $44.45. It is now trading 4.45% off that level. The stock is trading $38.64 its 50-day moving average by -1.36%. The stock carved out a 52-week low down at $26.85.

In recent action, Knight-Swift Transportation Holdings Inc. (KNX) has made a move of -1.67% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.45, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 19.82% with $119.91 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of KNX.

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