Cactus Inc (NYSE: WHD)’s stock price has increased by 0.11 compared to its previous closing price of 65.22. However, the company has seen a -2.06% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that Cactus Inc. (NYSE:WHD ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants John Fitzgerald – Director of Corporate Development & Investor Relations Scott Bender – Chief Executive Officer & Chairman of the Board Jay Nutt – Executive Vice President, Chief Financial Officer and Treasurer Stephen Tadlock – Chief Executive Officer, Flex Steel Joel Bender – President Conference Call Participants Arun Jayaram – J.P. Morgan Securities LLC Scott Gruber – Citigroup Stephen Gengaro – Stifel David Anderson – Barclays Jeff LeBlanc – TPH Operator Good day, and thank you for standing by.
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 23.12x. The stock has a 36-month beta value of 1.96. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for WHD is 66.07M, and at present, short sellers hold a 5.69% of that float. On November 21, 2024, the average trading volume of WHD was 622.07K shares.
WHD’s Market Performance
WHD stock saw an increase of -2.06% in the past week, with a monthly gain of 9.88% and a quarterly increase of 12.41%. The volatility ratio for the week is 3.05%, and the volatility levels for the last 30 days are 3.16% for Cactus Inc (WHD). The simple moving average for the past 20 days is 3.35% for WHD’s stock, with a 19.66% simple moving average for the past 200 days.
Analysts’ Opinion of WHD
Many brokerage firms have already submitted their reports for WHD stocks, with Barclays repeating the rating for WHD by listing it as a “Equal Weight.” The predicted price for WHD in the upcoming period, according to Barclays is $61 based on the research report published on November 04, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see WHD reach a price target of $52, previously predicting the price at $48. The rating they have provided for WHD stocks is “Neutral” according to the report published on July 10th, 2024.
WHD Trading at 5.52% 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 -6.74% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 3.05%, as shares surge +11.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.91% upper at present.
During the last 5 trading sessions, WHD fell by -2.06%, which changed the moving average for the period of 200-days by +53.73% in comparison to the 20-day moving average, which settled at $63.17. In addition, Cactus Inc saw 43.81% 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 Rothstein Bruce M, who sale 40,000 shares at the price of $65.22 back on Nov 19 ’24. After this action, Rothstein Bruce M now owns 0 shares of Cactus Inc, valued at $2,609,000 using the latest closing price.
Rothstein Bruce M, the Director of Cactus Inc, sale 5,000 shares at $65.22 during a trade that took place back on Nov 19 ’24, which means that Rothstein Bruce M is holding 12,177 shares at $326,125 based on the most recent closing price.
Stock Fundamentals for WHD
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.38 for the gross margin
The net margin for Cactus Inc stands at 0.17. The total capital return value is set at 0.21. Equity return is now at value 20.58, with 11.93 for asset returns.
Based on Cactus Inc (WHD), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 29.48. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 198.92.
Currently, EBITDA for the company is 356.46 million with net debt to EBITDA at -0.7. When we switch over and look at the enterprise to sales, we see a ratio of 3.61. The receivables turnover for the company is 5.75for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.82.
Conclusion
To sum up, Cactus Inc (WHD) has seen a better 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.
