Cactus Inc. (NYSE:WHD) went down by -8.20% from its latest closing price compared to the recent 1-year high of $64.18. The company’s stock price has collected -21.89% of loss in the last five trading sessions.
Is It Worth Investing in Cactus Inc. (NYSE :WHD) Right Now?
Cactus Inc. (NYSE:WHD) scored a price-to-earnings ratio above its average ratio, recording 39.88 x from its present earnings ratio. Plus, the 36-month beta value for WHD is at 2.00. Opinions of the stock are interesting as 2 analysts out of 9 who provided ratings for Cactus Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $60.60, which is $21.52 above the current price. WHD currently public float of 58.50M and currently shorts hold a 2.85% ratio of that float. Today, the average trading volume of WHD was 466.99K shares.
WHD’s Market Performance
WHD stocks went down by -21.89% for the week, with a monthly drop of -16.99% and a quarterly performance of -23.30%, while its annual performance rate touched 1.59%. The volatility ratio for the week stands at 7.03% while the volatility levels for the past 30 days are set at 5.03% for Cactus Inc. The simple moving average for the period of the last 20 days is -22.72% for WHD stocks with a simple moving average of -14.69% for the last 200 days.
Analysts’ Opinion of WHD
Many brokerage firms have already submitted their reports for WHD stocks, with Morgan Stanley repeating the rating for WHD by listing it as a “Equal-Weight.” The predicted price for WHD in the upcoming period, according to Morgan Stanley is $52 based on the research report published on April 11th of the current year 2022.
WHD Trading at -24.57% from the 50-Day Moving Average
After a stumble in the market that brought WHD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.11% of loss for the given period.
Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 7.03%, as shares sank -18.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.95% lower at present.
During the last 5 trading sessions, WHD fell by -21.89%, which changed the moving average for the period of 200-days by +3.50% in comparison to the 20-day moving average, which settled at $50.13. In addition, Cactus Inc. saw 2.49% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at WHD starting from Bender Joel, who sale 542,336 shares at the price of $54.00 back on Jun 07. After this action, Bender Joel now owns 68,604 shares of Cactus Inc., valued at $29,286,144 using the latest closing price.
Bender Scott, the President and CEO of Cactus Inc., sale 562,336 shares at $54.04 during a trade that took place back on Jun 07, which means that Bender Scott is holding 50,464 shares at $30,386,944 based on the most recent closing price.
Stock Fundamentals for WHD
Current profitability levels for the company are sitting at:
- +17.20 for the present operating margin
- +27.59 for the gross margin
The net margin for Cactus Inc. stands at +11.31. Equity return is now at value 12.60, with 6.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 5.60.