The stock of Cactus Inc (WHD) has seen a 5.21% increase in the past week, with a 4.27% gain in the past month, and a 24.65% flourish in the past quarter. The volatility ratio for the week is 3.19%, and the volatility levels for the past 30 days are at 2.85% for WHD. The simple moving average for the last 20 days is 1.73% for WHD stock, with a simple moving average of 9.65% for the last 200 days.
Is It Worth Investing in Cactus Inc (NYSE: WHD) Right Now?
The price-to-earnings ratio for Cactus Inc (NYSE: WHD) is above average at 20.22x. The 36-month beta value for WHD is also noteworthy at 1.94. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for WHD is 65.04M, and at present, short sellers hold a 5.76% of that float. The average trading volume of WHD on April 26, 2024 was 582.25K shares.
WHD) stock’s latest price update
The stock of Cactus Inc (NYSE: WHD) has decreased by -1.13 when compared to last closing price of 52.32. Despite this, the company has experienced a 5.21% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that Cactus (WHD) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of WHD
Barclays, on the other hand, stated in their research note that they expect to see WHD reach a price target of $60, previously predicting the price at $48. The rating they have provided for WHD stocks is “Overweight” according to the report published on October 17th, 2023.
BofA Securities gave a rating of “Underperform” to WHD, setting the target price at $47 in the report published on October 16th of the previous year.
WHD Trading at 7.15% 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 -9.25% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +3.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.81% upper at present.
During the last 5 trading sessions, WHD rose by +5.21%, which changed the moving average for the period of 200-days by +12.75% in comparison to the 20-day moving average, which settled at $50.95. In addition, Cactus Inc saw 13.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WHD starting from MARSH WILLIAM D, who sale 1,700 shares at the price of $46.20 back on Mar 11 ’24. After this action, MARSH WILLIAM D now owns 3,911 shares of Cactus Inc, valued at $78,540 using the latest closing price.
Bender Scott, the Chairman and CEO of Cactus Inc, sale 78,000 shares at $45.79 during a trade that took place back on Mar 04 ’24, which means that Bender Scott is holding 20 shares at $3,571,620 based on the most recent closing price.
Stock Fundamentals for WHD
Current profitability levels for the company are sitting at:
- 0.41 for the present operating margin
- 0.46 for the gross margin
The net margin for Cactus Inc stands at 0.15. The total capital return value is set at 0.33. Equity return is now at value 23.54, with 12.81 for asset returns.
Based on Cactus Inc (WHD), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 8.51. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -72.74.
Currently, EBITDA for the company is 344.26 million with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 3.0. The receivables turnover for the company is 5.34for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.17.
Conclusion
In summary, Cactus Inc (WHD) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
