ChampionX Corp [CHX] stock prices are down -0.38% to $31.55 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CHX shares have gain 9.70% over the last week, with a monthly amount drifted -1.10%, and not 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.
The stock price of ChampionX Corp [CHX] has been fluctuating 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 $31.55 at the most recent close of the market. An investor can expect a potential return of 21.49% based on the average CHX price forecast.
Analyzing the CHX fundamentals
The ChampionX Corp [NASDAQ:CHX] reported sales of 3.67B for trailing twelve months, representing a drop of -3.54%. Gross Profit Margin for this corporation currently stands at 0.32% 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 0.09, Equity is 0.18 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.33.
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 31.33 points at the first support level, and at 31.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.93, and for the 2nd resistance point, it is at 32.30.
Ratios To Look Out For
It’s worth pointing out that ChampionX Corp [NASDAQ:CHX]’s Current Ratio is 1.94. In addition, the Quick Ratio stands at 1.20 and the Cash Ratio stands at 0.53. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 3.31 and price to earnings (TTM) ratio is 19.48.
Transactions by insiders
Recent insider trading involved Bryant Deric D., that happened on Nov 06 ’24 when 49303.0 shares were sold. Officer, DERIC BRYANT completed a deal on Nov 06 ’24 to buy 49303.0 shares. Meanwhile, O’Dell William Jr. sold 27178.0 shares on Mar 28 ’24.
