In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, ChampionX Corp (NASDAQ: CHX) closed at $24.50 down -0.53% from its previous closing price of $24.63. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 3.24 million shares were traded.
Ratios:
For a deeper understanding of ChampionX Corp’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 8.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.70. For the most recent quarter (mrq), Quick Ratio is recorded 1.62 and its Current Ratio is at 2.25. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.33.
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:
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 06 ’24 when Bryant Deric D. sold 49,303 shares for $30.06 per share. The transaction valued at 1,482,053 led to the insider holds 337,409 shares of the business.
DERIC BRYANT bought 49,303 shares of CHX for $1,417,954 on Nov 06 ’24.
Valuation Measures:
As of this moment, ChampionX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.17, and their Forward P/E ratio for the next fiscal year is 12.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 2.45.
Stock Price History:
Over the past 52 weeks, CHX has reached a high of $35.94, while it has fallen to a 52-week low of $21.92. The 50-Day Moving Average of the stock is -7.04%, while the 200-Day Moving Average is calculated to be -15.12%.
Shares Statistics:
A total of 191.43M shares are outstanding, with a floating share count of 188.87M. Insiders hold about 1.34% of the company’s shares, while institutions hold 93.90% stake in the company.
