At the time of writing, Cactus Inc [WHD] stock is trading at $63.46, up 1.57%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The WHD shares have gain 12.56% over the last week, with a monthly amount glided 9.08%, 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 July 10, 2024, when Citigroup reiterated its Neutral rating and also boosted its price target to $52 from $48. Previously, Johnson Rice downgraded its rating to Accumulate on May 31, 2024. On January 16, 2024, downgrade downgraded it’s rating to Hold. Barclays upgraded its rating to a Overweight and increased its price target to $60 on October 17, 2023. BofA Securities downgraded its rating to a Underperform and raised its price target to $47 on October 16, 2023. JP Morgan started tracking with a Neutral rating for this stock on September 13, 2023, and assigned it a price target of $60. In a note dated January 19, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $70 on this stock.
For the past year, the stock price of Cactus Inc fluctuated between $37.58 and $64.96. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Cactus Inc [NYSE: WHD] shares were valued at $63.46 at the most recent close of the market. An investor can expect a potential drop of -14.91% based on the average WHD price forecast.
Analyzing the WHD fundamentals
According to Cactus Inc [NYSE:WHD], the company’s sales were 1.13B for trailing twelve months, which represents an -5.05% plunge. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.2 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 62.22 points at the first support level, and at 60.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.26, and for the 2nd resistance point, it is at 65.05.
Ratios To Look Out For
It is important to note that Cactus Inc [NYSE:WHD] has a current ratio of 3.75. Also, the Quick Ratio is 2.59, while the Cash Ratio stands at 1.38. Considering the valuation of this stock, the price to sales ratio is 3.74, the price to book ratio is 4.42 and price to earnings (TTM) ratio is 21.99.
Transactions by insiders
Recent insider trading involved MARSH WILLIAM D, GC, EVP and Secretary, that happened on May 09 ’24 when 2059.0 shares were sold. President, Bender Joel completed a deal on May 09 ’24 to sell 0.36 million shares. Meanwhile, President Bender Joel sold 0.2 million shares on May 07 ’24.
