At the time of writing, ChampionX Corp. [CHX] stock is trading at $34.52, up 1.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The CHX shares have gain 8.93% over the last week, with a monthly amount glided 11.50%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of ChampionX Corp. fluctuated between $25.46 and $39.95. Currently, Wall Street analysts expect the stock to reach $38.33 within the next 12 months. ChampionX Corp. [NASDAQ: CHX] shares were valued at $34.52 at the most recent close of the market. An investor can expect a potential return of 11.04% based on the average CHX price forecast.
Analyzing the CHX fundamentals
According to ChampionX Corp. [NASDAQ:CHX], the company’s sales were 3.73B for trailing twelve months, which represents an -2.76% plunge. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.21 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
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 33.80 points at the first support level, and at 33.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.97, and for the 2nd resistance point, it is at 35.41.
Ratios To Look Out For
It is important to note that ChampionX Corp. [NASDAQ:CHX] has a current ratio of 1.83. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 1.76, the price to book ratio is 3.84 and price to earnings (TTM) ratio is 18.75.
Transactions by insiders
Recent insider trading involved O’Dell William Jr., that happened on Mar 28 ’24 when 27178.0 shares were sold., Bryant Deric D. completed a deal on Oct 03 ’23 to sell 6540.0 shares. Meanwhile, Bryant Deric D. sold 12232.0 shares on Oct 02 ’23.
