Is Knight Transportation Stock a Good Investment?
Knight Transportation Investment Advice | KNX |
- Examine Knight Transportation's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Knight Transportation's leadership team and their track record. Good management can help Knight Transportation navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Cargo Ground Transportation space and any emerging trends that could impact Knight Transportation's business and its evolving consumer preferences.
- Compare Knight Transportation's performance and market position to its competitors. Analyze how Knight Transportation is positioned in terms of product offerings, innovation, and market share.
- Check if Knight Transportation pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Knight Transportation's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Knight Transportation stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Knight Transportation is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Knight Transportation Stock
Researching Knight Transportation's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 96.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.28. 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 1.07. The entity last dividend was issued on the 6th of December 2024. The firm had 3:2 split on the 27th of December 2005.
To determine if Knight Transportation is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Knight Transportation's research are outlined below:
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Knight-Swift Transportation Holdings Inc. Director Ploeg David Vander Sells 500 Shares |
Knight Transportation Quarterly Gross Profit |
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Knight Transportation uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Knight Transportation. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Knight Transportation's 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 |
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. Below are the table of largest EPS Surprises Knight Transportation's investors have experienced.
| 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 | ||
2000-01-26 | 1999-12-31 | 0.07 | 0.08 | 0.01 | 14 | ||
1997-07-21 | 1997-06-30 | 0.04 | 0.05 | 0.01 | 25 | ||
2008-04-23 | 2008-03-31 | 0.2 | 0.18 | -0.02 | 10 | ||
2004-07-21 | 2004-06-30 | 0.17 | 0.19 | 0.02 | 11 | ||
2002-01-16 | 2001-12-31 | 0.1 | 0.12 | 0.02 | 20 |
Know Knight Transportation's Top 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 | Jpmorgan Chase & Co | 2024-06-30 | 2 M | Balyasny Asset Management Llc | 2024-06-30 | 2 M | Bank Of New York Mellon Corp | 2024-06-30 | 1.7 M | Citadel Advisors Llc | 2024-06-30 | 1.6 M | Glenview Capital Management Llc | 2024-09-30 | 1.5 M | Frontier Capital Management Co Inc | 2024-09-30 | 1.5 M | Ensign Peak Advisors Inc | 2024-06-30 | 1.5 M | Thrivent Financial For Lutherans | 2024-09-30 | 1.3 M | Norges Bank | 2024-06-30 | 1.3 M | Wellington Management Company Llp | 2024-06-30 | 21.9 M | Blackrock Inc | 2024-06-30 | 16.3 M |
Knight Transportation's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 9.07 B.Market Cap |
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Knight Transportation's profitablity analysis
| 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 |
Determining Knight Transportation's profitability involves analyzing its financial statements and using various financial metrics to determine if Knight Transportation is a good buy. For example, gross profit margin measures Knight Transportation's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Knight Transportation's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Knight Transportation's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Knight Transportation. Check Knight Transportation's Beneish M Score to see the likelihood of Knight Transportation's management manipulating its earnings.
Evaluate Knight Transportation's management efficiency
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. 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.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 44.07 | 46.28 | |
| Tangible Book Value Per Share | 7.42 | 4.68 | |
| Enterprise Value Over EBITDA | 11.29 | 11.86 | |
| Price Book Value Ratio | 1.31 | 1.25 | |
| Enterprise Value Multiple | 11.29 | 11.86 | |
| Price Fair Value | 1.31 | 1.25 | |
| Enterprise Value | 6.4 B | 6.7 B |
Leadership effectiveness at Knight Transportation is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Dividend Yield 0.0114 | Forward Dividend Yield 0.0114 | Forward Dividend Rate 0.64 | Beta 0.934 |
Basic technical analysis of Knight Stock
As of the 22nd of November, Knight Transportation secures the Downside Deviation of 1.8, mean deviation of 1.49, and Risk Adjusted Performance of 0.0436. 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.Knight Transportation's 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.
Knight Transportation's Outstanding Corporate Bonds
Knight Transportation issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Knight Transportation uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Knight bonds can be classified according to their maturity, which is the date when Knight Transportation has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Understand Knight Transportation's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Knight Transportation's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0436 | |||
| Market Risk Adjusted Performance | 0.0777 | |||
| Mean Deviation | 1.49 | |||
| Semi Deviation | 1.72 | |||
| Downside Deviation | 1.8 | |||
| Coefficient Of Variation | 2008.45 | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.71 | |||
| Information Ratio | 2.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 2.0E-4 | |||
| Treynor Ratio | 0.0677 | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 3.55 | |||
| Downside Variance | 3.25 | |||
| Semi Variance | 2.95 | |||
| Expected Short fall | (1.54) | |||
| Skewness | 0.5959 | |||
| Kurtosis | 1.58 |
| Risk Adjusted Performance | 0.0436 | |||
| Market Risk Adjusted Performance | 0.0777 | |||
| Mean Deviation | 1.49 | |||
| Semi Deviation | 1.72 | |||
| Downside Deviation | 1.8 | |||
| Coefficient Of Variation | 2008.45 | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.71 | |||
| Information Ratio | 2.0E-4 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 2.0E-4 | |||
| Treynor Ratio | 0.0677 | |||
| Maximum Drawdown | 11.16 | |||
| Value At Risk | (2.98) | |||
| Potential Upside | 3.55 | |||
| Downside Variance | 3.25 | |||
| Semi Variance | 2.95 | |||
| Expected Short fall | (1.54) | |||
| Skewness | 0.5959 | |||
| Kurtosis | 1.58 |
Consider Knight Transportation's intraday 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
F4 | 14th of November 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 | 12th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
10Q | 30th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Knight Stock media impact
Far too much social signal, news, headlines, and media speculation about Knight Transportation that are available to investors today. That information is available publicly through Knight media outlets and privately through word of mouth or via Knight internal channels. However, regardless of the origin, that massive amount of Knight data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Knight Transportation news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Knight Transportation relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Knight Transportation's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Knight Transportation alpha.
Knight Transportation Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Knight Transportation can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Knight Transportation Historical Investor Sentiment
Investor biases related to Knight Transportation's public news can be used to forecast risks associated with an investment in Knight. The trend in average sentiment can be used to explain how an investor holding Knight can time the market purely based on public headlines and social activities around Knight Transportation. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Knight Transportation's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Knight Transportation and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Knight Transportation news discussions. The higher the estimate score, the more favorable the investor's outlook on Knight Transportation.
Knight Transportation Corporate Directors
| Roberta Shank | Independent Director | Profile | |
| Robert Synowicki | Independent Director | Profile | |
| Michael Garnreiter | Independent Director | Profile | |
| Kathryn Munro | Lead Independent Director | Profile |
Additional 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.