ChampionX Corp. [CHX] stock prices are up 2.93% to $35.45 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CHX shares have gain 3.93% over the last week, with a monthly amount glided 12.79%, and seem to be holding up well over a long-time horizon.
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On 22, March 2024, ChampionX Agrees to Acquire RMSpumptools, Expanding Reach in International, Offshore Production Technologies Markets. In a post published today on Yahoo Finance, ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today it plans to acquire RMSpumptools Limited, a business unit of the energy division of UK-based James Fisher and Sons plc (“JFS”). The unit designs and manufactures highly engineered mechanical and electrical solutions for complex artificial lift applications.
From an analyst’s perspective:
ChampionX Corp. [NASDAQ: CHX] stock has seen the most recent analyst activity on January 08, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $32 from $38. Previously, Barclays upgraded its rating to Overweight on October 17, 2023, and elevated its price target to $42. On July 14, 2023, CapitalOne initiated with a Overweight rating and assigned a price target of $40 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $28 on October 06, 2022. The Benchmark Company initiated its recommendation with a Buy and recommended $32 as its price target on August 25, 2022. BofA Securities upgraded its rating to Buy for this stock on July 15, 2022, and downed its price target to $22. In a note dated April 11, 2022, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $28 to $30.
The stock price of ChampionX Corp. [CHX] has been fluctuating between $24.83 and $38.37 over the past year. Currently, Wall Street analysts expect the stock to reach $31 within the next 12 months. ChampionX Corp. [NASDAQ: CHX] shares were valued at $35.45 at the most recent close of the market. An investor can expect a potential drop of -12.55% based on the average CHX price forecast.
Analyzing the CHX fundamentals
The ChampionX Corp. [NASDAQ:CHX] reported sales of 3.76B for trailing twelve months, representing a drop of -4.29%. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.18 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.78 points at the first support level, and at 34.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.81, and for the 2nd resistance point, it is at 36.17.
ChampionX Corp. [CHX] reported earnings per share of $0.44 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.44/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.41 per share as compared to estimates of $0.5 per share, a difference of -$0.09 representing a surprise of -18.00%.
Ratios To Look Out For
It’s worth pointing out that ChampionX Corp. [NASDAQ:CHX]’s Current Ratio is 1.82. On the other hand, the Quick Ratio is 1.15, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.80, the price to book ratio is 4.04 and price to earnings (TTM) ratio is 22.54.
Transactions by insiders
Recent insider trading involved Bryant Deric D., that happened on Oct 03 ’23 when 6540.0 shares were sold., Bryant Deric D. completed a deal on Oct 02 ’23 to sell 12232.0 shares. Meanwhile, Bryant Deric D. sold 18772.0 shares on Sep 01 ’23.
