ChampionX Corp. (NASDAQ: CHX) has a price-to-earnings ratio that is above its average at 19.35x. The stock has a 36-month beta value of 2.37. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CHX is 189.00M, and at present, short sellers hold a 3.79% of that float. On October 08, 2024, the average trading volume of CHX was 1.65M shares.
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CHX) stock’s latest price update
The stock of ChampionX Corp. (NASDAQ: CHX) has decreased by -2.61 when compared to last closing price of 32.51. Despite this, the company has experienced a 2.03% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-25 that THE WOODLANDS, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) — ChampionX Corporation (Nasdaq: CHX) announces the release of its 2023 corporate sustainability report.
CHX’s Market Performance
CHX’s stock has risen by 2.03% in the past week, with a monthly rise of 9.89% and a quarterly drop of -0.47%. The volatility ratio for the week is 2.71% while the volatility levels for the last 30 days are 2.51% for ChampionX Corp. The simple moving average for the past 20 days is 4.03% for CHX’s stock, with a -0.53% simple moving average for the past 200 days.
Analysts’ Opinion of CHX
Many brokerage firms have already submitted their reports for CHX stocks, with Piper Sandler repeating the rating for CHX by listing it as a “Neutral.” The predicted price for CHX in the upcoming period, according to Piper Sandler is $32 based on the research report published on January 08, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CHX reach a price target of $42, previously predicting the price at $33. The rating they have provided for CHX stocks is “Overweight” according to the report published on October 17th, 2023.
CapitalOne gave a rating of “Overweight” to CHX, setting the target price at $40 in the report published on July 14th of the previous year.
CHX Trading at 2.72% from the 50-Day Moving Average
After a stumble in the market that brought CHX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.75% of loss for the given period.
Volatility was left at 2.51%, however, over the last 30 days, the volatility rate increased by 2.71%, as shares surge +11.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.87% lower at present.
During the last 5 trading sessions, CHX rose by +1.74%, which changed the moving average for the period of 200-days by +3.24% in comparison to the 20-day moving average, which settled at $30.43. In addition, ChampionX Corp. saw 8.39% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CHX starting from O’Dell William Jr., who sale 27,178 shares at the price of $36.00 back on Mar 28 ’24. After this action, O’Dell William Jr. now owns 57,748 shares of ChampionX Corp., valued at $978,408 using the latest closing price.
Stock Fundamentals for CHX
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.31 for the gross margin
The net margin for ChampionX Corp. stands at 0.09. The total capital return value is set at 0.2. Equity return is now at value 18.44, with 9.68 for asset returns.
Based on ChampionX Corp. (CHX), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.92. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 9.21.
Currently, EBITDA for the company is 763.62 million with net debt to EBITDA at 0.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.71. The receivables turnover for the company is 8.38for trailing twelve months and the total asset turnover is 1.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.99.
Conclusion
To sum up, ChampionX Corp. (CHX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
