ChampionX Corp. [CHX] stock is trading at $31.56, up 1.71%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CHX shares have gain 4.96% over the last week, with a monthly amount glided 5.45%, 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.
ChampionX Corp. [CHX] stock has fluctuated between $25.46 and $39.95 over the past year. Currently, Wall Street analysts expect the stock to reach $38.33 within the next 12 months. ChampionX Corp. [NASDAQ: CHX] shares were valued at $31.56 at the most recent close of the market. An investor can expect a potential return of 21.45% based on the average CHX price forecast.
Analyzing the CHX fundamentals
ChampionX Corp. [NASDAQ:CHX] reported sales of 3.70B for the trailing twelve months, which represents a drop of -3.60%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.19 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.36.
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 31.15 points at the first support level, and at 30.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.84, and for the 2nd resistance point, it is at 32.12.
Ratios To Look Out For
For context, ChampionX Corp.’s Current Ratio is 1.99. Further, the Quick Ratio stands at 1.25, while the Cash Ratio is 0.54. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 3.44 and price to earnings (TTM) ratio is 19.29.
Transactions by insiders
Recent insider trading involved O’Dell William Jr.,, that happened on Mar 28 ’24 when 27178.0 shares were sold.
