Here's Why You Should Avoid Knight-Swift (KNX) Stock Now

Currently, Knight-Swift carries a Zacks Rank #5 (Strong Sell). Knight-Swift Transportation Holdings Inc. (KNX) is currently mired in multiple headwinds, which, we believe, have made it an unimpressive investment option. Knight-Swift exited the first quarter of 2024 with cash and cash equivalents of $204.76 million, which is lower than its long-term debt (excluding current maturities) of $1.19 billion. This implies that the company does not have enough cash to meet its debt obligations. Partly due to these h ...