It’s a good day to be an ChampionX Corporation (CHX) shareholder

In the latest session, ChampionX Corporation (NASDAQ: CHX) closed at 20.47 down -2.38% from its previous closing price of $20.97. In other words, the price has decreased by $-0.50 from its previous closing price. On the day, 1350149 shares were traded. CHX reached its highest trading level at $21.85 during the session, while it also had its lowest trading level at $20.45.

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For a deeper understanding of ChampionX Corporation’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.68. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, The Benchmark Company on August 25, 2022, initiated with a Buy rating and assigned the stock a target price of $32.

On July 15, 2022, BofA Securities Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $25 to $22.

Piper Sandler Upgraded its Neutral to Overweight on April 11, 2022, whereas the target price for the stock was revised from $28 to $30.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 05 when Mahoney Paul E sold 517 shares for $27.22 per share. The transaction valued at 14,071 led to the insider holds 94,049 shares of the business.

Marcos Antoine sold 48,345 shares of CHX for $1,317,256 on Nov 05. The VP, Corp Controller, CAO now owns 47,238 shares after completing the transaction at $27.25 per share. On Nov 04, another insider, Marcos Antoine, who serves as the VP, Corp Controller, CAO of the company, sold 31,655 shares for $27.35 each. As a result, the insider received 865,733 and left with 47,238 shares of the company.

Valuation Measures:

As of this moment, ChampionX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.01, and their Forward P/E ratio for the next fiscal year is 11.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 2.30.

Stock Price History:

Over the past 52 weeks, CHX has reached a high of $28.08, while it has fallen to a 52-week low of $16.64. The 50-Day Moving Average of the stock is 21.09, while the 200-Day Moving Average is calculated to be 22.13.

Shares Statistics:

For the past three months, CHX has traded an average of 1.90M shares per day and 2.14M over the past ten days. A total of 203.32M shares are outstanding, with a floating share count of 201.32M. Shares short for CHX as of Jul 14, 2022 were 7.63M with a Short Ratio of 3.81, compared to 6.61M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.75% and a Short% of Float of 4.28%.

Earnings Estimates

There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.31 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.29, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.38, with high estimates of $0.44 and low estimates of $0.32.

Analysts are recommending an EPS of between $1.29 and $1.07 for the fiscal current year, implying an average EPS of $1.18. EPS for the following year is $1.67, with 7 analysts recommending between $1.97 and $1.55.

Revenue Estimates

A total of 6 analysts believe the company’s revenue will be $928.63M this quarter.It ranges from a high estimate of $952M to a low estimate of $901.43M. As of the current estimate, ChampionX Corporation’s year-ago sales were $818.78M, an estimated increase of 13.40% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $944.37M, an increase of 14.90% over than the figure of $13.40% in the same quarter last year. There is a high estimate of $958.9M for the next quarter, whereas the lowest estimate is $921.12M.

A total of 7 analysts have provided revenue estimates for CHX’s current fiscal year. The highest revenue estimate was $3.72B, while the lowest revenue estimate was $3.57B, resulting in an average revenue estimate of $3.65B. In the same quarter a year ago, actual revenue was $3.07B, up 18.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $3.89B in the next fiscal year. The high estimate is $4.08B and the low estimate is $3.69B. The average revenue growth estimate for next year is up 6.50% from the average revenue estimate for this year.