ChampionX Corp. (CHX) concluded trading on Thursday at a closing price of $38.50, with 2.24 million shares of worth about $86.32 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.89% during that period and on April 11, 2024 the price saw a loss of about -0.41%. Currently the company’s common shares owned by public are about 191.10M shares, out of which, 188.44M shares are available for trading.
Stock saw a price change of -0.65% in past 5 days and over the past one month there was a price change of 21.22%. Year-to-date (YTD), CHX shares are showing a performance of 31.80% which increased to 34.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.98 but also hit the highest price of $39.95 during that period. The average intraday trading volume for ChampionX Corp. shares is 2.03 million. The stock is currently trading 7.70% above its 20-day simple moving average (SMA20), while that difference is up 19.36% for SMA50 and it goes to 19.06% higher than SMA200.
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ChampionX Corp. (NASDAQ: CHX) currently have 191.10M outstanding shares and institutions hold larger chunk of about 105.01% of that.
The stock has a current market capitalization of $7.33B and its 3Y-monthly beta is at 2.45. PE ratio of stock for trailing 12 months is 24.48, while it has posted earnings per share of $1.57 in the same period. Its PEG reads 1.17 and has Quick Ratio of 1.15 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CHX, volatility over the week remained 2.46% while standing at 2.39% over the month.
Stock’s fiscal year EPS is expected to rise by 10.30% while it is estimated to increase by 22.53% in next year. EPS is likely to grow at an annualized rate of 20.90% for next 5-years, compared to annual growth of 5.66% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on January 08, 2024 offering a Neutral rating for the stock and assigned a target price range of between $38 and $32 to it. Coverage by Barclays stated ChampionX Corp. (CHX) stock as an Overweight in their note to investors on October 17, 2023, suggesting a price target of $42 for the stock. On July 14, 2023, CapitalOne Initiated their recommendations, while on October 06, 2022, Barclays Downgrade their ratings for the stock with a price target of $28. Stock get a Buy rating from The Benchmark Company on August 25, 2022.
