The stock of Cactus Inc (WHD) has gone down by -0.37% for the week, with a -2.14% drop in the past month and a 17.82% rise in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are 2.82% for WHD. The simple moving average for the past 20 days is 0.26% for WHD’s stock, with a 7.93% simple moving average for the past 200 days.
Is It Worth Investing in Cactus Inc (NYSE: WHD) Right Now?
Cactus Inc (NYSE: WHD) has a price-to-earnings ratio that is above its average at 20.30x. The stock has a 36-month beta value of 1.95. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for WHD is 65.04M, and at present, short sellers hold a 5.76% of that float. On May 10, 2024, the average trading volume of WHD was 563.09K shares.
WHD) stock’s latest price update
The stock price of Cactus Inc (NYSE: WHD) has jumped by 1.09 compared to previous close of 50.56. Despite this, the company has seen a fall of -0.37% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-08 that Investors interested in stocks from the Oil and Gas – Integrated – United States sector have probably already heard of ConocoPhillips (COP) and Cactus, Inc. (WHD). But which of these two stocks is more attractive to value investors?
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 3.34% 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 -10.33% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares sank -2.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.89% upper at present.
During the last 5 trading sessions, WHD fell by -0.37%, which changed the moving average for the period of 200-days by +2.82% in comparison to the 20-day moving average, which settled at $50.92. In addition, Cactus Inc saw 12.58% 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 Bender Scott, who sale 358,458 shares at the price of $51.10 back on May 09 ’24. After this action, Bender Scott now owns 41,776 shares of Cactus Inc, valued at $18,316,487 using the latest closing price.
Bender Joel, the President of Cactus Inc, sale 358,458 shares at $51.10 during a trade that took place back on May 09 ’24, which means that Bender Joel is holding 156,586 shares at $18,316,487 based on the most recent closing price.
Stock Fundamentals for WHD
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.46 for the gross margin
The net margin for Cactus Inc stands at 0.14. The total capital return value is set at 0.21. Equity return is now at value 20.27, with 10.67 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 8.91. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -41.07.
Currently, EBITDA for the company is 344.26 million with net debt to EBITDA at -0.25. When we switch over and look at the enterprise to sales, we see a ratio of 2.8. The receivables turnover for the company is 5.5for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.24.
Conclusion
To sum up, Cactus Inc (WHD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
