ChampionX Corp (NASDAQ:CHX) shares, rose in value, with the stock price down by -1.45% to the previous day’s close as strong demand from buyers drove the stock to $29.93.
Actively observing the price movement in the recent trading, the stock is buoying the session at $30.37, falling within a range of $29.67 and $30.17. The value of beta (5-year monthly) is 2.292 whereas the PE ratio is 18.09 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 3.64% over the past month.
With the market capitalization of ChampionX Corp currently standing at about $5.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-03. The company’s Forward Dividend Ratio is 0.38, with its dividend yield at 1.27%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.65B, with a low estimate of 886.74M and a high estimate of 926M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 900.59M.
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 Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of CHX currently trading nearly 2.24% and 1.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.22, while the 7-day volatility ratio is showing 2.06% which for the 30-day chart, stands at 3.10%. Furthermore, ChampionX Corp (CHX)’s beta value is 1.84, and its average true range (ATR) is 0.81.
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 -1.45% in today’s session so far, and over the past year, it shrunk by -12.82%%.
Data on historical trading for ChampionX Corp (NASDAQ:CHX) indicates that the trading volumes over the past 10 days have averaged 4.27 and over the past 3 months, they’ve averaged 3.22 million. According to company’s latest data on outstanding shares, there are 190.70 million shares outstanding.
Nearly 1.34% of ChampionX Corp’s shares belong to company insiders and institutional investors own 91.67% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.58 million shares as on 2025-03-14, resulting in a short ratio of 2.56. According to the data, the short interest in ChampionX Corp (CHX) stood at 589.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 9.63 million. The stock has risen by 10.08% 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.
