Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $24.35 in the prior trading day, ChampionX Corp (NASDAQ: CHX) closed at $23.31, down -4.27%. In other words, the price has decreased by -$4.27 from its previous closing price. On the day, 7.48 million shares were traded. CHX stock price reached its highest trading level at $24.7 during the session, while it also had its lowest trading level at $22.32.
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 8.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.92. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 1.99. 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:
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 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:
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 4447547904 and an Enterprise Value of 4875117056. As of this moment, ChampionX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.09, and their Forward P/E ratio for the next fiscal year is 12.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.22 while its Price-to-Book (P/B) ratio in mrq is 2.41. Its current Enterprise Value per Revenue stands at 1.342 whereas that against EBITDA is 6.389.
Stock Price History:
The Beta on a monthly basis for CHX is 1.54, which has changed by -0.39595753 over the last 52 weeks, in comparison to a change of -0.028342128 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 $23.66. The 50-Day Moving Average of the stock is -19.94%, while the 200-Day Moving Average is calculated to be -22.83%.
Shares Statistics:
The stock has traded on average 4.12M shares per day over the past 3-months and 8139760 shares per day over the last 10 days, according to various share statistics. A total of 190.70M shares are outstanding, with a floating share count of 188.24M. Insiders hold about 1.34% of the company’s shares, while institutions hold 91.63% stake in the company. Shares short for CHX as of 1741910400 were 8584992 with a Short Ratio of 2.08, compared to 1739491200 on 9630341. Therefore, it implies a Short% of Shares Outstanding of 8584992 and a Short% of Float of 5.89.
Dividends & Splits
In the trailing 12 months, CHX’s forward annual dividend rate was 0.38, compared to 0.38 this year. Against a Trailing Annual Dividend Yield of 0.015605749
