Better Times Ahead For ChampionX Corp (NASDAQ: CHX)?

ChampionX Corp (CHX) concluded trading on Wednesday at a closing price of $24.69, with 3.62 million shares of worth about $89.33 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -22.60% during that period and on April 16, 2025 the price saw a gain of about 1.19%. Currently the company’s common shares owned by public are about 190.70M shares, out of which, 188.24M shares are available for trading.

Stock saw a price change of -2.60% in past 5 days and over the past one month there was a price change of -16.28%. Year-to-date (YTD), CHX shares are showing a performance of -9.19% which decreased to -33.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.92 but also hit the highest price of $37.06 during that period. The average intraday trading volume for ChampionX Corp shares is 4.69 million. The stock is currently trading -9.26% below its 20-day simple moving average (SMA20), while that difference is down -13.10% for SMA50 and it goes to -17.44% lower than SMA200.

ChampionX Corp (NASDAQ: CHX) currently have 190.70M outstanding shares and institutions hold larger chunk of about 91.49% of that.

The stock has a current market capitalization of $4.71B and its 3Y-monthly beta is at 1.55. PE ratio of stock for trailing 12 months is 14.92, while it has posted earnings per share of $1.65 in the same period. It has Quick Ratio of 1.36 while making debt-to-equity ratio of 0.41. 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 4.91% while standing at 4.89% over the month.

Stock’s fiscal year EPS is expected to drop by -4.07% while it is estimated to increase by 9.60% in next year.

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.

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