Knight-Swift Transportation Holdings Inc. (NYSE:KNX) struggling side by side to strengthen its position in stock market. For the active trader tendency of a security’s returns to respond to swings in the market is vital to know for investment. The risk taking place from exposure to general market movements as opposed to idiosyncratic factors, it’s necessary to measure it and compensate it at time of investment. Beta is the gauge which made it clear and KNX has 1.93 times beta (risk level) in relation to market or the other alternative benchmark. The value of beta is explains if its stand on 1 means price moves with the market but if less than 1 means that security is theoretically less volatile than the market and vice versa.
As per buy-side analysts, moving averages work quite well in strong trending conditions, but often poorly in choppy or ranging conditions. Whereas its latest closing price kept its distance from the SMA20 at -5.52% and -0.92% from SMA 50 while it was Bearish -4.72% from the simple moving average price of 200 days. As a result using moving averages can be random at times the market appears to respect SMA support/resistance and trade signals, and other times it shows no deference. KNX has analyst rating of 2.00 on scale of 1-5.
Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) knock down -2.98% with trading price of $31.87 per share. This recent knock down put place about 4.07 Million shares as compared to average capacity of 2264.40 shares. The company has 1.06 value in price to sale ratio while price to book ratio was recorded as 1.02. The beta factor of KNX is stands at 1.93. Beta is a number that measures the risk of an individual stock relative to the overall market. The overall market is assigned a beta of 1.0. Stocks that are volatile and move more than the overall market have a beta greater than 1 while stocks with price swings less than the market have a beta less than 1.0.
The company has 177.24 shares outstanding and 84.70% shares of the company were owned by institutional investors. To dig out factors, always good to learn who else owns shares, the institutional owner includes mutual funds and pension funds are major players. They buy or sell in enormous chunks. Whether a stock is in or out of their favor can have a big effect on its price.
Moving focus toward profitability ratios, the return on equity was booked as 7.80%, while return on assets was 5.40%. This movement could be bad/good signal for few investors as firm is showing performance for the quarter as 19.01%. For long term intention long timeframe can help for decision for this quarter, semi-annual and annual performance measures are more useful. The co’s performance for 6 months was decreased of -10.55%, and year to date showing isolated positively performance of 27.12%.