The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
ChampionX Corp. (NASDAQ: CHX) closed the day trading at $35.10 down -0.40% from the previous closing price of $35.24. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 2.5 million shares were traded. CHX stock price reached its highest trading level at $35.385 during the session, while it also had its lowest trading level at $34.87.
Ratios:
For a better understanding of CHX, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.82. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.40.
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.
Bryant Deric D. sold 6,540 shares of CHX for $229,014 on Oct 03 ’23. The insider now owns 298,619 shares after completing the transaction at $35.02 per share. On Oct 02 ’23, another insider, Bryant Deric D., who serves as the insider of the company, sold 12,232 shares for $35.24 each. As a result, the insider received 431,072 and left with 305,159 shares of the company.
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 6681389568 and an Enterprise Value of 7138893824. As of this moment, ChampionX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.31, and their Forward P/E ratio for the next fiscal year is 14.51. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.78 while its Price-to-Book (P/B) ratio in mrq is 4.00. Its current Enterprise Value per Revenue stands at 1.9 whereas that against EBITDA is 9.533.
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 $24.98. The 50-Day Moving Average of the stock is 4.32%, while the 200-Day Moving Average is calculated to be 7.69%.
Shares Statistics:
Over the past 3-months, CHX traded about 2.12M shares per day on average, while over the past 10 days, CHX traded about 2305820 shares per day. A total of 191.10M shares are outstanding, with a floating share count of 188.88M. Insiders hold about 0.78% of the company’s shares, while institutions hold 105.17% stake in the company. Shares short for CHX as of 1711584000 were 7806916 with a Short Ratio of 3.69, compared to 1709164800 on 8206197. Therefore, it implies a Short% of Shares Outstanding of 7806916 and a Short% of Float of 5.38.
Dividends & Splits
CHX’s forward annual dividend rate is 0.35, up from 0.34 a year ago. Against a Trailing Annual Dividend Yield of 0.009648127
