Knight Transportation Stock Today

KNX Stock  USD 55.02  1.42  2.65%   

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Knight Transportation is trading at 55.02 as of the 28th of March 2024; that is 2.65% increase since the beginning of the trading day. The stock's open price was 53.6. Knight Transportation has about a 23 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Knight Transportation are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
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. The company has 161.49 M outstanding shares of which 3.63 M shares are now shorted by investors with about 1.89 days to cover. More on Knight Transportation

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Knight Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Knight Transportation's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Knight Transportation or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEODavid Jackson
Old NameKnick Exploration Inc
Business ConcentrationTransportation, Trucking, Industrials, NYSE Composite, Industrials, Ground Transportation, Trucking, Industrials (View all Sectors)
Knight Transportation (KNX) is traded on New York Stock Exchange in USA. It is located in 2002 West Wahalla Lane, Phoenix, AZ, United States, 85027 and employs 34,300 people. Knight Transportation is listed under Transportation category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 8.57 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 Transportation runs under Ground Transportation sector within Industrials industry. The entity has 161.49 M outstanding shares of which 3.63 M shares are now shorted by investors with about 1.89 days to cover. Knight Transportation has about 196.77 M in cash with 1.16 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.21.
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Ownership Allocation
Knight Transportation holds a total of 161.49 Million outstanding shares. The majority of Knight Transportation outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Knight Transportation to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Knight Transportation. Please pay attention to any change in the institutional holdings of Knight Transportation as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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Knight Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Knight Transportation jumping above the current price in 90 days from now is about 73.5%. The Knight Transportation probability density function shows the probability of Knight Transportation stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.1206. This indicates Knight Transportation market returns are sensitive to returns on the market. As the market goes up or down, Knight Transportation is expected to follow. Additionally, knight Transportation has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 55.02HorizonTargetOdds Above 55.02
26.25%90 days
 55.02 
73.50%
Based on a normal probability distribution, the odds of Knight Transportation to move above the current price in 90 days from now is about 73.5 (This Knight Transportation probability density function shows the probability of Knight Stock to fall within a particular range of prices over 90 days) .

Knight Transportation Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Knight Transportation market risk premium is the additional return an investor will receive from holding Knight Transportation long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Knight Transportation. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Knight Transportation's alpha and beta are two of the key measurements used to evaluate Knight Transportation's performance over the market, the standard measures of volatility play an important role as well.

Knight Stock Against Markets

Picking the right benchmark for Knight Transportation stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Knight Transportation stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Knight Transportation is critical whether you are bullish or bearish towards Knight Transportation at a given time. Please also check how Knight Transportation's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Knight Transportation without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Knight Transportation Corporate Directors

Knight Transportation corporate directors refer to members of a Knight Transportation board of directors. The board of directors generally takes responsibility for the Knight Transportation's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Knight Transportation's board members must vote for the resolution. The Knight Transportation board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Richard LehmannIndependent DirectorProfile
Richard KraemerIndependent DirectorProfile
Chao ZhuDirectorProfile
Robert SynowickiIndependent DirectorProfile

How to buy Knight Stock?

Before investing in Knight Transportation, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Knight Transportation. To buy Knight Transportation stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Knight Transportation. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Knight Transportation stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Knight Transportation stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Knight Transportation stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Knight Transportation, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. 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. For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.

Already Invested in Knight Transportation?

The danger of trading Knight Transportation is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Knight Transportation is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Knight Transportation. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Knight Transportation is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Knight Transportation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Knight Transportation's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Knight Transportation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Knight Transportation Stock:
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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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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.
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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.
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.