ChampionX Corporation (CHX): Find Out What Insiders Are Doing


ChampionX Corporation (NASDAQ:CHX) finished Thursday with a subtraction of -$1.36 to close at $19.17, a downside of -6.62 percent. An average of 1,224,404 shares of common stock have been traded in the last five days. There was a fall of -$2.39 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,714,581 shares traded, while the 50-day average volume stands at 1,652,094.

CHX stock has decreased by -9.24% in the last month. The company shares reached their 1-month lowest point of $18.85 on 09/23/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $16.64 and a high of $28.08 in 52 weeks. It has reached a new high 11 times so far this year and achieved 1.58% or -$1.24 in price. In spite of this, the price is down -31.73% from the 52-week high.

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Insider Transactions

322 days have passed since ChampionX Corporation (CHX) last reported insider trading activity. Mahoney Paul E most recently acquired $517 shares at $27.22 per share on Nov 05. In this transaction, the insider spent $14,071. VP, Corp Controller, CAO, Marcos Antoine, disposed of 48,345 shares at a price of $27.25 on Nov 05. The insider now owns more than $1,317,256 worth of shares. Prior to that, VP, Corp Controller, CAO Marcos Antoine went on to Sale 31,655 shares at $27.35 each on Nov 04. An amount of $865,733 was transacted.

Valuation Metrics

ChampionX Corporation (CHX) has a trailing price-to-earnings (P/E) ratio of 26.09. The stock’s beta is 2.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.24, the price-to-book (PB) ratio at 2.31, and the price-to-cash flow ratio at 36.79.

Financial Health

The quick ratio of ChampionX Corporation for the three months ended June 29 was 1.10, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.38 and a total debt to equity ratio of 0.39 for the quarter ending June 29. Its gross profit as reported stood at $743.27 million compared to revenue of $3.07 billion.

Earnings Surprise

For the three-month period that ended June 29, ChampionX Corporation had $694.43 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $27.34 million in the quarter, while revenues of $36.7 million were grew 73.48%. The analyst consensus anticipated ChampionX Corporation’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.28, a 7.70% surprise. For the quarter, EBITDA amounted to $131.0 million. Shareholders own equity worth $202.93 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ChampionX Corporation (CHX) price momentum. RSI 9-day as of the close on 22 September was 21.36%, suggesting the stock is oversold, with historical volatility in this time frame at 37.15%.

As of today, CHX’s price is $20.47 -11.19% or -$2.39 from its 5-day moving average. CHX is currently trading -18.30% lower than its 20-day SMA and -11.36% lower than its 100-day SMA. However, the stock’s current price level is +7.42% above the SMA50 and -16.94% below the SMA200.

The stochastic %K and %D were 5.12% and 11.47%, respectively, and the average true range (ATR) was 1.13. With the 14-day stochastic at 2.70% and the average true range at 1.09, the RSI (14) stands at 30.14%. The stock has reached -1.07 on the 9-day MACD Oscillator while the 14-day reading was at -1.41.

Analyst Ratings

The Benchmark Company launched coverage on ChampionX Corporation (NASDAQ: CHX) in its analyst report released on August 25, 2022. The firm assigned the stock a Buy rating.


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