Cactus Inc (NYSE: WHD) has experienced a decline in its stock price by -7.13 compared to its previous closing price of 60.25. However, the company has seen a fall of -10.44% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-22 that Fourteen upcoming dividend increases, including two Dividend Kings: Nordson Corp with a 14.7% increase and Dover Corp with a 1% increase. New challengers Cactus Inc. and Murphy USA join the list with 5-year dividend growth streaks. People’s Financial Services Corp offers a significant 50% dividend increase.
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 19.39x, Company’s 36-month beta value is 1.95.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for WHD is 65.85M, and currently, short sellers hold a 8.19% ratio of that floaft. The average trading volume of WHD on September 26, 2024 was 716.83K shares.
WHD’s Market Performance
WHD’s stock has seen a -10.44% decrease for the week, with a -7.50% drop in the past month and a 7.59% gain in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 3.31% for Cactus Inc The simple moving average for the past 20 days is -4.60% for WHD’s stock, with a 10.61% simple moving average for the past 200 days.
Analysts’ Opinion of WHD
Many brokerage firms have already submitted their reports for WHD stocks, with Citigroup repeating the rating for WHD by listing it as a “Neutral.” The predicted price for WHD in the upcoming period, according to Citigroup is $52 based on the research report published on July 10, 2024 of the current year 2024.
WHD Trading at -5.33% 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 -13.86% of loss for the given period.
Volatility was left at 3.31%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -5.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.09% lower at present.
During the last 5 trading sessions, WHD fell by -9.72%, which changed the moving average for the period of 200-days by +35.96% in comparison to the 20-day moving average, which settled at $58.50. In addition, Cactus Inc saw 23.25% 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 2,059 shares at the price of $51.03 back on May 09 ’24. After this action, MARSH WILLIAM D now owns 1,852 shares of Cactus Inc, valued at $105,071 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:
- 0.29 for the present operating margin
- 0.43 for the gross margin
The net margin for Cactus Inc stands at 0.17. The total capital return value is set at 0.23. Equity return is now at value 22.19, with 12.27 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 8.48. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 1518.61.
Currently, EBITDA for the company is 344.26 million with net debt to EBITDA at -0.54. When we switch over and look at the enterprise to sales, we see a ratio of 3.17. The receivables turnover for the company is 5.5for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.75.
Conclusion
In a nutshell, Cactus Inc (WHD) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
