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The price of ChampionX Corp. (NASDAQ: CHX) closed at $34.77 in the last session, down -0.60% from day before closing price of $34.98. In other words, the price has decreased by -$0.60 from its previous closing price. On the day, 1.69 million shares were traded. CHX stock price reached its highest trading level at $35.35 during the session, while it also had its lowest trading level at $34.515.
Ratios:
We take a closer look at CHX’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.83. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.39.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 6661063168 and an Enterprise Value of 6918473216. As of this moment, ChampionX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.88, and their Forward P/E ratio for the next fiscal year is 14.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.77 while its Price-to-Book (P/B) ratio in mrq is 3.87. Its current Enterprise Value per Revenue stands at 1.854 whereas that against EBITDA is 9.183.
Stock Price History:
The Beta on a monthly basis for CHX is 2.42, which has changed by -0.008271515 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. 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 6.03%, while the 200-Day Moving Average is calculated to be 9.47%.
Shares Statistics:
According to the various share statistics, CHX traded on average about 1.92M shares per day over the past 3-months and 2071310 shares per day over the past 10 days. A total of 191.10M shares are outstanding, with a floating share count of 188.92M. Insiders hold about 0.79% of the company’s shares, while institutions hold 102.02% stake in the company. Shares short for CHX as of 1719532800 were 4832506 with a Short Ratio of 2.52, compared to 1717113600 on 6097101. Therefore, it implies a Short% of Shares Outstanding of 4832506 and a Short% of Float of 3.3299996999999997.
Dividends & Splits
The forward annual dividend rate for CHX is 0.36, which was 0.35 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.010005717
