In the last trading session, 1.47 million ChampionX Corporation (NASDAQ:CHX) shares changed hands as the company’s beta touched 0. With the company’s per share price at $26.88 changed hands at $0.21 or 0.79% during last session, the market valuation stood at $5.50B. CHX’s last price was a discount, traded about -13.39% off its 52-week high of $30.48. The share price had its 52-week low at $6.87, which suggests the last value was 74.44% up since then. When we look at ChampionX Corporation’s average trading volume, we note the 10-day average is 1.7 million shares, with the 3-month average coming to 1.36 million.
Analysts gave the ChampionX Corporation (CHX) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.70. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CHX as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. ChampionX Corporation’s EPS for the current quarter is expected to be $0.1.
ChampionX Corporation (NASDAQ:CHX) trade information
Instantly CHX was in green as seen at the end of in last trading. With action -4.38%, the performance over the past five days has been red. The jump to weekly highs of 28.88 on Tuesday, 06/22/21 added 0.79% to the stock’s daily price. The company’s shares are showing year-to-date upside of 75.69%, with the 5-day performance at -4.38% in the red. However, in the 30-day time frame, ChampionX Corporation (NASDAQ:CHX) is 6.33% up. Looking at the short shares, we see there were 4.7 million shares sold at short interest cover period of 3.61 days.
The consensus price target for the stock as assigned by Wall Street analysts is $25.20, meaning bulls need a downside of -6.67% from its current market value. According to analyst projections, CHX’s forecast low is $17.00 with $33.00 as the target high. To hit the forecast high, the stock’s price needs a -22.77% plunge from its current level, while the stock would need to tank 36.76% for it to hit the projected low.
ChampionX Corporation (CHX) estimates and forecasts
Data shows that the ChampionX Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 91.04% over the past 6 months, a 363.16% in annual growth rate that is considerably higher than the industry average of 12.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for ChampionX Corporation will rise 123.30%, while the growth in revenue is estimated to hit 433.30% for the next quarter. Year-over-year growth is forecast to reach 53.00% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of $713.68 million. 7 analysts are of the opinion that ChampionX Corporation’s revenue for the quarter ending Sep 2021 will be $743.29 million.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -56.90%. The 2021 estimates are for ChampionX Corporation earnings to decrease by -846.10%, but the outlook for the next 5-year period is at -5.94% per year.
ChampionX Corporation is expected to release its next quarterly earnings report in July.
ChampionX Corporation (NASDAQ:CHX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.77% of ChampionX Corporation shares while 98.21% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.97%. There are 98.21% institutions holding the ChampionX Corporation stock share, with Blackrock Inc. the top institutional holder. As of Mar 30, 2021, the company held 11.78% of the shares, roughly 23.54 million CHX shares worth $511.56 million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 9.58% or 19.15 million shares worth $416.1 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. With 5.59 million shares estimated at $85.59 million under it, the former controlled 2.80% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 2.52% of the shares, roughly 5.03 million shares worth around $109.22 million.