Knight Transportation Stock Buy Hold or Sell Recommendation
| KNX Stock | USD 47.07 0.17 0.36% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Knight Transportation is 'Sell'. Macroaxis provides Knight Transportation buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding KNX positions. The advice algorithm takes into account all of Knight Transportation's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Knight Transportation's buy or sell advice are summarized below:
Real Value 55.19 | Target Price 60.28 | Hype Value 46.93 | Market Value 47.07 | Naive Value 47.45 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Knight Transportation given historical horizon and risk tolerance towards Knight Transportation. When Macroaxis issues a 'buy' or 'sell' recommendation for Knight Transportation, the advice is generated through an automated system that utilizes algorithms and statistical models.
Knight |
Execute Knight Transportation Buy or Sell Advice
The Knight recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Knight Transportation. Macroaxis does not own or have any residual interests in Knight Transportation or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Knight Transportation's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Sell
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Knight Transportation Trading Alerts and Improvement Suggestions
| Knight Transportation generated a negative expected return over the last 90 days | |
| Over 90.0% of the company shares are owned by institutional investors | |
| On 25th of March 2024 Knight Transportation paid $ 0.16 per share dividend to its current shareholders | |
| Latest headline from investorplace.com: Stock Market Crash Alert 3 Must-Buy Transportation Stocks When Prices Plunge |
Knight Transportation Returns Distribution Density
The distribution of Knight Transportation's historical returns is an attempt to chart the uncertainty of Knight Transportation's future price movements. The chart of the probability distribution of Knight Transportation daily returns describes the distribution of returns around its average expected value. We use Knight Transportation price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Knight Transportation returns is essential to provide solid investment advice for Knight Transportation.
| Mean Return | -0.3 | Value At Risk | -2.81 | Potential Upside | 2.32 | Standard Deviation | 1.55 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Knight Transportation historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Knight Stock 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 originates 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 | Geode Capital Management, Llc | 2023-12-31 | 2.5 M | Jpmorgan Chase & Co | 2023-12-31 | 2.5 M | Alliancebernstein L.p. | 2023-12-31 | 1.9 M | Anomaly Capital Management, Lp | 2023-12-31 | 1.9 M | Ensign Peak Advisors Inc | 2023-12-31 | 1.8 M | Bank Of New York Mellon Corp | 2023-12-31 | 1.6 M | Ceredex Value Advisors Llc | 2023-12-31 | 1.6 M | Steadfast Capital Management Llc | 2023-12-31 | 1.5 M | Northern Trust Corp | 2023-12-31 | 1.3 M | Blackrock Inc | 2023-12-31 | 16 M | Wellington Management Company Llp | 2023-12-31 | 15.7 M |
Knight Transportation Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (132.7M) | (100.8M) | (4.8M) | (74.1M) | (66.7M) | (63.3M) | |
| Change In Cash | 71.3M | (5.0M) | 152.7M | 35.3M | 83.3M | 87.4M | |
| Free Cash Flow | 9.6M | 398.6M | 656.1M | 635.3M | 382.7M | 401.8M | |
| Depreciation | 463.0M | 506.7M | 577.9M | 659.8M | 735.1M | 771.9M | |
| Other Non Cash Items | 144.9M | 124.6M | 73.5M | 14.8M | 1.7B | 1.8B | |
| Capital Expenditures | 830.0M | 521.1M | 534.1M | 800.6M | 779.0M | 817.9M | |
| Net Income | 310.2M | 410.6M | 743.7M | 771.1M | 217.1M | 162.8M | |
| End Period Cash Flow | 202.2M | 197.3M | 350.0M | 385.3M | 465.8M | 489.1M | |
| Dividends Paid | 41.4M | 54.6M | 63.5M | 78.3M | 91.1M | 95.7M | |
| Investments | 22.7M | 13.7M | (24.4M) | 9.7M | (1.4B) | (1.3B) | |
| Change Receivables | 70.1M | (75.5M) | (214.6M) | 58.7M | 52.8M | 55.5M | |
| Net Borrowings | (66.6M) | (208.9M) | 905.1M | (351.8M) | (404.6M) | (384.4M) | |
| Change To Netincome | 21.5M | 90.2M | (131.1M) | (33.4M) | (30.1M) | (28.6M) |
Knight Transportation Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Knight Transportation or Ground Transportation sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Knight Transportation's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Knight stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.3 | |
β | Beta against NYSE Composite | -0.08 | |
σ | Overall volatility | 1.53 | |
Ir | Information ratio | -0.24 |
Knight Transportation Volatility Alert
Knight Transportation exhibits very low volatility with skewness of -0.27 and kurtosis of 0.06. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Knight Transportation's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Knight Transportation's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Knight Transportation Fundamentals Vs Peers
Comparing Knight Transportation's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Knight Transportation's direct or indirect competition across all of the common fundamentals between Knight Transportation and the related equities. This way, we can detect undervalued stocks with similar characteristics as Knight Transportation or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Knight Transportation's fundamental indicators could also be used in its relative valuation, which is a method of valuing Knight Transportation by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Knight Transportation to competition |
| Fundamentals | Knight Transportation | Peer Average |
| Return On Equity | 0.0154 | -0.31 |
| Return On Asset | 0.0097 | -0.14 |
| Profit Margin | 0.01 % | (1.27) % |
| Operating Margin | 0.01 % | (5.51) % |
| Current Valuation | 10.62 B | 16.62 B |
| Shares Outstanding | 161.61 M | 571.82 M |
| Shares Owned By Insiders | 3.12 % | 10.09 % |
| Shares Owned By Institutions | 90.42 % | 39.21 % |
| Number Of Shares Shorted | 3.32 M | 4.71 M |
| Price To Earning | 10.15 X | 28.72 X |
| Price To Book | 1.16 X | 9.51 X |
| Price To Sales | 1.15 X | 11.42 X |
| Revenue | 7.14 B | 9.43 B |
| Gross Profit | 2.41 B | 27.38 B |
| EBITDA | 1.08 B | 3.9 B |
| Net Income | 217.15 M | 570.98 M |
| Cash And Equivalents | 196.77 M | 2.7 B |
| Cash Per Share | 1.21 X | 5.01 X |
| Total Debt | 2.67 B | 5.32 B |
| Debt To Equity | 0.30 % | 48.70 % |
| Current Ratio | 1.62 X | 2.16 X |
| Book Value Per Share | 43.67 X | 1.93 K |
| Cash Flow From Operations | 1.16 B | 971.22 M |
| Short Ratio | 1.79 X | 4.00 X |
| Earnings Per Share | 0.68 X | 3.12 X |
| Price To Earnings To Growth | 0.78 X | 4.89 X |
| Target Price | 56.27 | |
| Number Of Employees | 34.3 K | 18.84 K |
| Beta | 1.0 | -0.15 |
| Market Capitalization | 7.61 B | 19.03 B |
| Total Asset | 12.87 B | 29.47 B |
| Retained Earnings | 2.66 B | 9.33 B |
| Working Capital | (116.27 M) | 1.48 B |
Note: Disposition of 7410 shares by Gary Knight of Knight Transportation subject to Rule 16b-3 [view details]
Knight Transportation Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Knight . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Knight Transportation Buy or Sell Advice
When is the right time to buy or sell Knight Transportation? Buying financial instruments such as Knight Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 2.2B | 2.1B | 2.7B | 2.8B | Total Assets | 10.7B | 11.0B | 12.9B | 13.5B |
Use Investing Ideas to Build Portfolios
In addition to having Knight Transportation in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Office Supplies Thematic Idea Now
Office Supplies
Companies producing and selling office supplies, and accessories. The Office Supplies theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Office Supplies Theme or any other thematic opportunities.
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Check out Knight Transportation Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Knight Stock please use our How to Invest in Knight Transportation guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary 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.
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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.
Quarterly Earnings Growth (0.69) | Dividend Share 0.58 | Earnings Share 0.68 | Revenue Per Share 45.416 | Quarterly Revenue Growth 0.113 |
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.