A share price of Cactus Inc [WHD] is currently trading at $47.88, up 0.99%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WHD shares have gain 2.35% over the last week, with a monthly amount glided 3.70%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Cactus Announces Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the fourth quarter and full year of 2023.
From an analyst’s perspective:
Cactus Inc [NYSE: WHD] stock has seen the most recent analyst activity on January 16, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, Barclays upgraded its rating to Overweight on October 17, 2023, and elevated its price target to $60. On October 16, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $47 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $60 on September 13, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $70 as its price target on January 19, 2023. Barclays downgraded its rating to Equal Weight for this stock on October 06, 2022, and downed its price target to $48. In a note dated April 11, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $60 to $52.
Cactus Inc experienced fluctuations in its stock price throughout the past year between $31.36 and $57.00. Cactus Inc [NYSE: WHD] shares were valued at $47.88 at the most recent close of the market.
Analyzing the WHD fundamentals
Trailing Twelve Months sales for Cactus Inc [NYSE:WHD] were 1.10B which represents 46.38% growth. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.41%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.33. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.43 points at the first support level, and at 46.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.27, and for the 2nd resistance point, it is at 48.67.
Cactus Inc [WHD] reported earnings per share of $0.81 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.69/share, meaning a difference of $0.12 and a surprise factor of 17.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.8 per share as compared to estimates of $0.86 per share, a difference of -$0.06 representing a surprise of -7.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cactus Inc [NYSE:WHD] is 3.17. Further, the Quick Ratio stands at 2.00, while the Cash Ratio is 0.76. Considering the valuation of this stock, the price to sales ratio is 2.85, the price to book ratio is 3.62 and price to earnings (TTM) ratio is 18.71.
Transactions by insiders
Recent insider trading involved MARSH WILLIAM D, GC, EVP and Secretary, that happened on Mar 11 ’24 when 1700.0 shares were sold. Chairman and CEO, Bender Scott completed a deal on Mar 04 ’24 to sell 78000.0 shares. Meanwhile, President Bender Joel sold 0.14 million shares on Sep 08 ’23.
