ChampionX Corp (NASDAQ:CHX) price on current trading day, fall -4.50% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $24.21.
A look at the stock’s price movement, the level at last check in today’s session was $25.35, moving within a range at $23.81 and $25.225. The beta value (5-Year monthly) was 1.824 while the PE ratio in trailing twelve months stood at 14.63. Turning to its 52-week performance, $39.00 and $21.92 were the 52-week high and 52-week low respectively. Overall, CHX moved -15.44% over the past month.
ChampionX Corp’s market cap currently stands at around $4.62 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-03. The company has a Forward Dividend ratio of 0.38, with its dividend yield at 1.57%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 900.59M for the company’s revenue for the quarter, with a low and high estimate of 886.74M and 926M respectively. The average forecast suggests down to a -2.34% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.65B, representing a 0.36% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CHX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend CHX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CHX’s current price about -14.30% and -15.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.10, while 7-day volatility ratio is 10.54% and 4.35% in the 30-day chart. Further, ChampionX Corp (CHX) has a beta value of 1.54, and an average true range (ATR) of 1.48. Analysts have given the company’s stock an average 52-week price target of $33.5, forecast between a low of $33 and high of $34. Looking at the price targets, the low is -36.31% off recent price level in today’s trading while to achieve the yearly target high, it has to move -40.44%. Nonetheless, investors will most likely welcome a -38.37% jump to $33.5 which is the analysts’ median price.
If we refocus on ChampionX Corp (NASDAQ:CHX), historical trading data shows that trading volumes averaged 9.42 over the past 10 days and 4.42 million over the past 3 months. The company’s latest data on shares outstanding shows there are 190.70 million shares.
The 1.34% of ChampionX Corp’s shares are in the hands of company insiders while institutional holders own 91.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.58 million on 2025-03-14, giving us a short ratio of 2.56. The data shows that as of 2025-03-14 short interest in ChampionX Corp (CHX) stood at 589.0 of shares outstanding, with shares short falling to 9.63 million registered in 2025-02-14. Current price change has pushed the stock -10.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CHX stock continues to rise going into the next quarter.
