The price of ChampionX Corp (NASDAQ:CHX) shares last traded on Wall Street unchanged to $29.49.
CHX stock price is now 1.16% away from the 50-day moving average and -2.87% away from the 200-day moving average. The market capitalization of the company currently stands at $5.63B.
With the price target reduced from $38 to $32, Piper Sandler Downgraded its rating from Overweight to Neutral for ChampionX Corp (NASDAQ: CHX). On October 17, 2023, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $33 to quote $42, while ‘CapitalOne’ rates the stock as ‘Overweight’
In other news, Bryant Deric D., insider sold 49,303 shares of the company’s stock on Nov 06 ’24. The stock was sold for $1,482,053 at an average price of $30.06. Upon completion of the transaction, the insider now directly owns 337,409 shares in the company, valued at $9.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Officer DERIC BRYANT bought 49,303 shares of the business’s stock. A total of $1,417,954 was incurred on buying the stock at an average price of $28.76. A total of 1.34% of the company’s stock is owned by insiders.
During the past 12 months, ChampionX Corp has had a low of $25.57 and a high of $39.95. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.99, and a quick ratio of 1.36. The fifty day moving average price for CHX is $29.153 and a two-hundred day moving average price translates $30.3618 for the stock.
The latest earnings results from ChampionX Corp (NASDAQ: CHX) was released for 2024-12-31. The net profit margin was 8.81% and return on equity was 18.18% for CHX. The company reported revenue of $912.04 million for the quarter, compared to $943.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.34 percent.
