Cactus Inc [WHD] stock prices are up 2.89% to $63.12 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The WHD shares have gain 11.34% over the last week, with a monthly amount glided 11.26%, 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.
The stock price of Cactus Inc [WHD] has been fluctuating between $37.58 and $64.96 over the past year. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Cactus Inc [NYSE: WHD] shares were valued at $63.12 at the most recent close of the market. An investor can expect a potential drop of -14.45% based on the average WHD price forecast.
Analyzing the WHD fundamentals
The Cactus Inc [NYSE:WHD] reported sales of 1.13B for trailing twelve months, representing a drop of -5.05%. 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 61.27 points at the first support level, and at 59.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.38, and for the 2nd resistance point, it is at 65.65.
Ratios To Look Out For
It’s worth pointing out that Cactus Inc [NYSE:WHD]’s Current Ratio is 3.75. On the other hand, the Quick Ratio is 2.59, and the Cash Ratio is 1.38. Considering the valuation of this stock, the price to sales ratio is 3.72, the price to book ratio is 4.40 and price to earnings (TTM) ratio is 21.88.
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.
