ChampionX Corp (NASDAQ:CHX) shares, rose in value on Wednesday, January 22, with the stock price down by -5.05% to the previous day’s close as strong demand from buyers drove the stock to $29.69.
Actively observing the price movement in the last trading, the stock closed the session at $31.27, falling within a range of $29.595 and $31.0. The value of beta (5-year monthly) was 2.39 whereas the PE ratio was 18.34 over 12-month period. Referring to stock’s 52-week performance, its high was $39.95, and the low was $25.57. On the whole, CHX has fluctuated by 12.85% over the past month.
With the market capitalization of ChampionX Corp currently standing at about $5.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.38, with its dividend yield at 1.28%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.68B, with a low estimate of 893.5M and a high estimate of 1.01B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 942.11M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CHX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CHX currently trading nearly 6.53% and 1.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.95, while the 7-day volatility ratio is showing 4.14% which for the 30-day chart, stands at 3.06%. Furthermore, ChampionX Corp (CHX)’s beta value is 2.36, and its average true range (ATR) is 0.96.
A comparison of ChampionX Corp (CHX) with its peers suggests the former has fared considerably weaker in the market. CHX showed an intraday change of -5.05% in last session, and over the past year, it grew by 12.72%%.
Data on historical trading for ChampionX Corp (NASDAQ:CHX) indicates that the trading volumes over the past 10 days have averaged 3.2 and over the past 3 months, they’ve averaged 1.90 million. According to company’s latest data on outstanding shares, there are 190.52 million shares outstanding.
Nearly 0.92% of ChampionX Corp’s shares belong to company insiders and institutional investors own 91.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.5 million shares as on 2024-12-31, resulting in a short ratio of 4.33. According to the data, the short interest in ChampionX Corp (CHX) stood at 516.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 6.84 million. The stock has risen by 9.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CHX stock heading into the next quarter.
