In last trading session, ChampionX Corporation (NYSE:CHX) saw 1,085,078 shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $8.45 trading at $0.13 or 1.56% at ring of the bell on the day assigns it a market valuation of $1.69 Billion. That closing price of CHX’s stock is at a discount of -311.83% from its 52-week high price of $34.8 and is indicating a premium of 65.8% from its 52-week low price of $2.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.96 Million shares which gives us an average trading volume of 2Million if we extend that period to 3-months.
For ChampionX Corporation (CHX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.8. Splitting up the data highlights that, out of 13 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 11 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.04 in the current quarter.
ChampionX Corporation (NYSE:CHX) trade information
Upright in the green today for gaining 1.56%, in the last five days CHX remained trading in the green while hitting it’s week-highest on Friday, Oct 09 when the stock touched $8.85-4 price level, adding 4.52% to its value on the day. ChampionX Corporation’s shares saw a change of -74.99% in year-to-date performance and have moved -1.86% in past 5-day. ChampionX Corporation (NYSE:CHX) showed a performance of -7.45% in past 30-days. Number of shares sold short was 9.14 Million shares which calculate 4.57 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $14.05 to the stock, which implies a rise of 66.27% to its current value. Analysts have been projecting $10 as a low price target for the stock while placing it at a high target of $17. It follows that stock’s current price would jump +101.18% in reaching the projected high whereas dropping to the targeted low would mean a loss of 18.34% for stock’s current value.
ChampionX Corporation (CHX) estimates and forecasts
Statistics highlight that ChampionX Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added +13.27% of value to its shares in past 6 months, showing an annual growth rate of -125.25% while that of industry is -15.8. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -114.8% in the current quarter and calculating -100% decline in the next quarter. This year revenue growth is estimated to rise 63.8% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $643.34 Million for the same. And 9 analysts are in estimates of company making revenue of $654.8 Million in the next quarter that will end in December 01, 2020. Company posted $307.25 Million and $247.75 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 109.4% while estimating it to be 164.3% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -43.7% while estimates for its earnings growth in next 5 years are of -12.64%
ChampionX Corporation (NYSE:CHX)’s Major holders
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 18.6 Million shares on June 29, 2020. The number of shares represents firm’s hold over 9.31% of outstanding shares, having a total worth of $181.58 Million.
On the other hand, Vanguard Total Stock Market Index Fund and John Hancock Fds III-Disciplined Value Mid Cap Fd are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 5447158 shares of worth $53.16 Million or 2.73% of the total outstanding shares. The later fund manager was in possession of 5.35 Million shares on July 30, 2020, making its stake of worth around $50.92 Million in the company or a holder of 2.68% of company’s stock.