Analysis of Cactus Inc (WHD)’s performance, earnings and valuation

A share price of Cactus Inc [WHD] is currently trading at $51.58, up 3.08%. 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 3.45% over the last week, with a monthly amount glided 2.61%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Cactus Inc [NYSE: WHD] stock has seen the most recent analyst activity on May 31, 2024, when Johnson Rice downgraded its rating to a Accumulate. Previously, The Benchmark Company downgraded its rating to Hold on January 16, 2024. On October 17, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $60 on the stock. BofA Securities downgraded its rating to a Underperform and increased its price target to $47 on October 16, 2023. JP Morgan initiated its recommendation with a Neutral and recommended $60 as its price target on September 13, 2023. The Benchmark Company started tracking with a Buy rating for this stock on January 19, 2023, and assigned it a price target of $70. In a note dated October 06, 2022, Barclays downgraded an Equal Weight rating on this stock and revised its target price from $52 to $48.

Cactus Inc experienced fluctuations in its stock price throughout the past year between $37.58 and $57.00. Cactus Inc [NYSE: WHD] shares were valued at $51.58 at the most recent close of the market.

Analyzing the WHD fundamentals

Trailing Twelve Months sales for Cactus Inc [NYSE:WHD] were 1.14B which represents 20.02% growth. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.18 and Total Capital is 0.21. 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 50.30 points at the first support level, and at 49.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.38, and for the 2nd resistance point, it is at 53.19.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Cactus Inc [NYSE:WHD] is 3.24. Further, the Quick Ratio stands at 2.17, while the Cash Ratio is 1.02. Considering the valuation of this stock, the price to sales ratio is 2.97, the price to book ratio is 3.78 and price to earnings (TTM) ratio is 20.49.

Transactions by insiders

Recent insider trading involved Bender Scott, Chairman and CEO, that happened on May 09 ’24 when 0.36 million shares were sold. President, Bender Joel completed a deal on May 09 ’24 to sell 0.36 million shares. Meanwhile, GC, EVP and Secretary MARSH WILLIAM D sold 2059.0 shares on May 09 ’24.

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