Congress Asset Management Co. Sells 87,926 Shares of ChampionX Co.
CHX Stock | USD 26.68 0.06 0.23% |
Slightly above 58% of ChampionX's investor base is looking to short. The analysis of overall sentiment of trading ChampionX stock suggests that many investors are alarmed at this time. ChampionX's investing sentiment can be driven by a variety of factors including economic data, ChampionX's earnings reports, geopolitical events, and overall market trends.
ChampionX |
Congress Asset Management Co. cut its stake in shares of ChampionX Co. by 22.3 percent in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 305,956 shares of the companys stock after selling 87,926 shares during the period. Congress Asset Management Co.s holdings
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ChampionX Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards ChampionX can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
ChampionX Fundamental Analysis
We analyze ChampionX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ChampionX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ChampionX based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Per Share
Cash Per Share Comparative Analysis
ChampionX is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
ChampionX Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ChampionX stock to make a market-neutral strategy. Peer analysis of ChampionX could also be used in its relative valuation, which is a method of valuing ChampionX by comparing valuation metrics with similar companies.
Peers
ChampionX Related Equities
RNGR | Ranger Energy | 1.66 | ||||
OIS | Oil States | 1.26 | ||||
OII | Oceaneering International | 1.08 | ||||
VTOL | Bristow | 0.93 | ||||
RES | RPC | 0.87 | ||||
MRC | MRC Global | 0.70 | ||||
WHD | Cactus | 0.68 | ||||
FTI | TechnipFMC PLC | 0.24 | ||||
BKR | Baker Hughes | 0.22 | ||||
DNOW | Now | 0.15 | ||||
HLX | Helix Energy | 0.11 | ||||
XPRO | Expro Group | 0.42 |
Additional Tools for ChampionX Stock Analysis
When running ChampionX's price analysis, check to measure ChampionX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.