A look at its monthly performance shows that Alcoa Corporation (NYSE:AA) has recorded a -4.98% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -42.03% and is now up by 4.03% since start of this year. The equity price sank -3.32% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price dipped by -23.6% over the past three months which led to its overall six-month decrease to stand at -36.73%.
The shares of Alcoa Corporation (AA) dropped by -55.65% or -$34.7 from its last recorded high of $62.35 which it attained on April 19 to close at $27.65 per share. Over the past 52 weeks, the shares of Alcoa Corporation has been trading as low as $25.01 before witnessing a massive surge by 10.56% or $2.64. This price movement has led to the AA stock receiving more attention and has become one to watch out for. It jumped by 1.32% on Sunday and this got the market excited. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, AA price stands -30.63% below and -3.75% below respectively. Its average daily volatility for this week is 3.49% which is less than the 4.14% recorded over the past month.
A look at AA technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 44.56 point. Its trading volume has added 914504 shares compared to readings over the past three months as it recently exchanged 4784504 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 3870000 shares, and this is 1.24 times the normal volume.
The price of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) currently stands at $31.1 after it went down by $-0.6 or -1.89% and has found a strong support at $30.67 a share. If the KNX price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $30.23 mark would also be bad for the stock as it means that the stock would plunge by 2.8% from its current position. However, if the stock price is able to trade above the resistance point around $31.65, then it could likely surge higher to try and break the upward resistance which stands at $32.19 a share. Its average daily volatility over the past one month stands at 3.93%. The stock has plunged by 1.03% from its 52-weeks high of $30.78 which it reached on Mar. 19, 2018. In general, it is 25.18% above its 52-weeks lowest point which stands at $23.27 and this setback was observed on Dec. 24, 2018.
Analysts have predicted a price target for Knight-Swift Transportation Holdings Inc. (KNX) for 1 year and it stands at an average $42.38/share. This means that it would likely increase by 36.27% from its current position. The current price of the stock has been moving between $30.78 and $31.76. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $34. On the other hand, one analyst is super bullish about the price, setting a target as high as $52.
The KNX stock Stochastic Oscillator (%D) is at 56.74%, which means that it is currently neutral. The shares P/S ratio stands at 1.04 which compares to the 1.61 recorded by the industry or the 2.12 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 10.68, which is lower than the 13.17 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -5.1% over the past five years.
Analysts view Knight-Swift Transportation Holdings Inc. (NYSE:KNX) as a Buy, with 2 consensus rating. Reuters surveyed 12 analysts that follow KNX and found that 5 of those analysts rated the stock as a Hold. The remaining 7 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Knight-Swift Transportation Holdings Inc. (KNX) shares or sell it if they already own it.