After finishing at $27.42 in the prior trading day, ChampionX Corporation (NASDAQ: CHX) closed at $26.64, down -2.84%. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 783331 shares were traded. CHX stock price reached its highest trading level at $27.11 during the session, while it also had its lowest trading level at $26.36.
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Our goal is to gain a better understanding of CHX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 21.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.28. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.36 whereas as Long-Term Debt/Eq ratio is at 0.35.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 13 when Mahoney Paul E sold 1,171 shares for $31.29 per share. The transaction valued at 36,641 led to the insider holds 119,816 shares of the business.
Marcos Antoine sold 146,955 shares of CHX for $4,408,650 on Jan 09. The VP, Corp Controller, CAO now owns 42,380 shares after completing the transaction at $30.00 per share. On Nov 30, another insider, Todd Stephen M., who serves as the Director of the company, sold 3,097 shares for $30.60 each. As a result, the insider received 94,765 and left with 30,888 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CHX now has a Market Capitalization of 5.46B and an Enterprise Value of 5.92B. As of this moment, ChampionX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.00, and their Forward P/E ratio for the next fiscal year is 11.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 3.13. Its current Enterprise Value per Revenue stands at 1.52 whereas that against EBITDA is 11.15.
Stock Price History:
Over the past 52 weeks, CHX has reached a high of $33.65, while it has fallen to a 52-week low of $16.64. The 50-Day Moving Average of the stock is 26.93, while the 200-Day Moving Average is calculated to be 27.08.
The stock has traded on average 1.48M shares per day over the past 3-months and 1.13M shares per day over the last 10 days, according to various share statistics. A total of 198.29M shares are outstanding, with a floating share count of 197.74M. Insiders hold about 0.70% of the company’s shares, while institutions hold 101.41% stake in the company. Shares short for CHX as of May 14, 2023 were 8.81M with a Short Ratio of 8.81M, compared to 7.48M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.45% and a Short% of Float of 5.76%.
Dividends & Splits
In the trailing 12 months, CHX’s forward annual dividend rate was 0.31, compared to 0.34 this year. Against a Trailing Annual Dividend Yield of 1.13%, it implies a Forward Annual Dividend Yield of 1.24%.
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of $0.44 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.38, while EPS last year was $0.28. The consensus estimate for the next quarter is $0.52, with high estimates of $0.55 and low estimates of $0.5.
Analysts are recommending an EPS of between $2.01 and $1.8 for the fiscal current year, implying an average EPS of $1.9. EPS for the following year is $2.39, with 8 analysts recommending between $2.71 and $2.08.
7 analysts predict $985.11M in revenue for the current quarter. It ranges from a high estimate of $989.93M to a low estimate of $982M. As of the current estimate, ChampionX Corporation’s year-ago sales were $932.57M, an estimated increase of 5.60% from the year-ago figure.
A total of 10 analysts have provided revenue estimates for CHX’s current fiscal year. The highest revenue estimate was $4.05B, while the lowest revenue estimate was $3.95B, resulting in an average revenue estimate of $4.01B. In the same quarter a year ago, actual revenue was $3.81B, up 5.30% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $4.31B in the next fiscal year. The high estimate is $4.45B and the low estimate is $4.23B. The average revenue growth estimate for next year is up 7.50% from the average revenue estimate for this year.