At the last check on Thursday, ChampionX Corporation’s (NASDAQ:CHX) stock was down -$0.28, moving down -0.77 percent to $36.23. The average number of shares traded per day over the past five days has been 769,350 shares. 4 times new highs have been achieved over the past 5 days, with a $0.83 gain in that time frame. In the last twenty days, the average volume was 918,857, while in the previous 50 days, it was 1,411,923.
Since last month, CHX stock rose 1.63%. Shares of the company fell to $34.42 on 08/18/23, the lowest level in the past month. A 52-week high of $37.02 was reached on 08/09/23 after having rallying from a 52-week low of $17.83. Since the beginning of this year, CHX’s stock price has risen by 24.97% or $7.15, and marked a new high 18 times. However, the stock has declined by -2.13% since its 52-week high.
CHX stock investors should be aware that ChampionX Corporation (CHX) stock had its last reported insider trading activity 30 days ago on Aug 01. Bryant Deric D. disposed of 18,771 shares for $35.39 on Aug 01. It resulted in a $664,398 divestment by the insider. Somasundaram Sivasankaran sold 13,883 shares at an average price of $36.02 on Jul 25. The insider now owns 455,499 shares following the transaction. On Jul 24, Bryant Deric D. sold 173,705 shares at $35.05 apiece. The transaction was valued at $6,088,860.
Valuation Metrics
Right now, ChampionX Corporation (CHX) has a P/E ratio of about 29.36. The stock’s beta is 2.59. Besides these, the trailing price-to-sales (P/S) ratio of 1.84, the price-to-book (PB) ratio of 4.13, and the price-to-cash flow ratio of 14.72 may also be considered.
The latest dividend of $0.0850 per share was paid out, remained unchanged from last year’s $0.0850. On Thursday February 16 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, ChampionX Corporation’s quick ratio stood at 1.10, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.34, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 28.20% percent. In the year ended June 29, EBITDA margin amounted to 16.15%, whereas operating margins totaled 9.00%. Based on annual data, CHX earned $898.66 million in gross profit and brought in $3.81 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.10%. Return on equity (ROE) for the past 12 months was 14.70%.
In ChampionX Corporation’s quarter-end financial report for June 29, it reported total debt of $595.17 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CHX’s revenue fell -0.64% to $948.35 million during the quarter, while net income inched up to $926.6 million. While analysts expected ChampionX Corporation to report $0.44 quarterly earnings, the actual figure was $0.49 per share, beating the consensus estimate by 11.40%. During the quarter, the company generated $179.41 million in EBITDA. The liabilities of ChampionX Corporation were 1.62 billion at the end of its most recent quarter ended June 29, and its total debt was $680.58 million. The value of shareholders’ equity is $196.58 million.
Technical Picture
This quick technical analysis looks at ChampionX Corporation’s (CHX) price momentum. With a historical volatility rate of 13.80%, the RSI 9-day stood at 58.01% on 30 August.
With respect to its five-day moving average, the current ChampionX Corporation price is up by +2.35% percent or $0.83. At present, CHX shares trade +1.40% above its 20-day simple moving average and +29.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.88% above its SMA50 and +10.45% above its SMA200.
Stochastic coefficient K was 75.95% and Stochastic coefficient D was 69.65%, while ATR was 0.84. Given the Stochastic reading of 66.93% for the 14-day period, the RSI (14) reading has been calculated as 59.37%. As of today, the MACD Oscillator reading stands at 0.61, while the 14-day reading stands at 0.65.
Analyst Ratings
CapitalOne launched its rating on ChampionX Corporation (NASDAQ: CHX) to an Overweight in a note to investors on July 14, 2023. ChampionX Corporation (CHX) has been rated Overweight by analysts. According to 0 brokerage firms, CHX is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate ChampionX Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $40.00, the current consensus forecast for the stock is $33.00 – $42.00. Based on these forecasts, analysts predict ChampionX Corporation (CHX) will achieve an average price target of $39.25.
