ChampionX Corporation (NASDAQ:CHX) traded at $21.01 at close of the session on Monday, May 03, made a downturn move of -1.5% on its previous day’s price.
Looking at the stock we see that its previous close was $21.33 and the beta (5Y monthly) reads 0 with the day’s price range being $20.86 – 22.00. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, CHX has a high of $25.59 and a low of $6.87. The company’s stock has gained about -3.31% over that past 30 days.
ChampionX Corporation has a market cap of $4.29 Billion and is expected to release its quarterly earnings report on April 28, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the CHX stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.09, with the EPS growth for the year raised at $0.5 for 2021 and $0.97 for next year. These figures represent -3.63% and 0.94% growth in EPS for the two years respectively.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CHX stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the ChampionX Corporation (CHX) stock as a Hold, while 11 rate it as a Buy. None analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CHX stock currently stands at 0, and the current price level is 1.18% off its SMA20 and -2.29% from its 50-day simple moving average. The RSI (14) is pointing at 50.7 while the volatility over the past week is 5.72% and drops to 5.34% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 1.16. The average price target for the stock over the next 12 months is $24.21, with the estimates having a low of $17 and a high of $30. These price ends are -19.09% and +42.79% off the current price level respectively, although investors could be excited at the prospect of a +21.37% if the CHX share price touches on the median price of $25.5.
Let’s briefly compare ChampionX Corporation (CHX) stock to its peers. We find that current price change of -1.5% and +128.12% over the past 12 months for CHX competes that of Jacobs Engineering Group Inc (J), which has seen its stock price fall -1.3% in the last trading session and was +61.46% over the last one year. Another of its peers Howmet Aerospace Inc (HWM) has dropped -0.56% previous session, and was +144.53% up over the past year, while Quanta Services (PWR) was also down -1.5% in the last session, while its price remained in the green at 128.12% over the same period. ChampionX Corporation has a P/E ratio of 0 compared to Jacobs Engineering Group Inc’s 40.41 and Howmet Aerospace Inc’s 67. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.72% and -0.54%, respectively, at close of the trading.
Coming back to ChampionX Corporation (NASDAQ:CHX), we note that the average 3-month trading volume was 1.6 Million, while that of the preceding 10-day period stands at 1.24 Million. Current shares outstanding are 201.02 Million.
According to data from Thomson Reuters, insiders hold 0.8% of the company’s shares while institutions hold 102.01%. The data shows that short shares as of April 14, 2021, stood at 3.97 Million at a short ratio of 2.69. This represents a 1.97% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 5.02 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +37.32% up in year-to-date price movement.