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After finishing at $28.42 in the prior trading day, ChampionX Corp. (NASDAQ: CHX) closed at $28.24, down -0.63%. In other words, the price has decreased by -$0.63 from its previous closing price. On the day, 1.17 million shares were traded. CHX stock price reached its highest trading level at $28.79 during the session, while it also had its lowest trading level at $28.23.
Ratios:
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 13.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.85. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.94. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.37.
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 the company, Piper Sandler on January 08, 2024, Downgraded its rating to Neutral and sets its target price to $32 from $38 previously.
On October 17, 2023, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $33 to $42.
On July 14, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $40.CapitalOne initiated its Overweight rating on July 14, 2023, with a $40 target price.
Insider Transactions:
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 Mar 28 ’24 when O’Dell William Jr. sold 27,178 shares for $36.00 per share. The transaction valued at 978,408 led to the insider holds 57,748 shares of the business.
Valuation Measures:
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 5414003200 and an Enterprise Value of 5677811200. As of this moment, ChampionX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.44, and their Forward P/E ratio for the next fiscal year is 14.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.04. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 2.97. Its current Enterprise Value per Revenue stands at 1.549 whereas that against EBITDA is 7.791.
Stock Price History:
Over the past 52 weeks, CHX has reached a high of $39.95, while it has fallen to a 52-week low of $25.46. The 50-Day Moving Average of the stock is -6.97%, while the 200-Day Moving Average is calculated to be -11.68%.
Shares Statistics:
The stock has traded on average 1.63M shares per day over the past 3-months and 1857570 shares per day over the last 10 days, according to various share statistics. A total of 191.10M shares are outstanding, with a floating share count of 189.00M. Insiders hold about 0.79% of the company’s shares, while institutions hold 93.76% stake in the company. Shares short for CHX as of 1728950400 were 7152543 with a Short Ratio of 4.40, compared to 1726185600 on 7162029. Therefore, it implies a Short% of Shares Outstanding of 7152543 and a Short% of Float of 4.9200002.
Dividends & Splits
In the trailing 12 months, CHX’s forward annual dividend rate was 0.37, compared to 0.37 this year. Against a Trailing Annual Dividend Yield of 0.013019001
