At the time of writing, Cactus Inc [WHD] stock is trading at $68.45, up 4.84%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WHD shares have gain 4.34% over the last week, with a monthly amount glided 16.63%, 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 November 04, 2024, when Barclays downgraded its rating to a Equal Weight but kept the price target unchanged to $61 for it. Previously, Citigroup reaffirmed its Neutral rating on July 10, 2024, and elevated its price target to $52. On May 31, 2024, downgrade downgraded it’s rating to Accumulate. The Benchmark Company downgraded its rating to a Hold. Barclays upgraded its rating to a Overweight and raised its price target to $60 on October 17, 2023. BofA Securities downgraded its rating to Underperform for this stock on October 16, 2023, and upped its price target to $47. In a note dated September 13, 2023, JP Morgan initiated an Neutral rating and provided a target price of $60 on this stock.
For the past year, the stock price of Cactus Inc fluctuated between $37.58 and $70.01. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Cactus Inc [NYSE: WHD] shares were valued at $68.45 at the most recent close of the market. An investor can expect a potential drop of -21.11% 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 1.84% jump. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.2 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 66.28 points at the first support level, and at 64.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.04, and for the 2nd resistance point, it is at 71.64.
Ratios To Look Out For
It is important to note that Cactus Inc [NYSE:WHD] has a current ratio of 3.82. As well, the Quick Ratio is 2.67, while the Cash Ratio is 1.59. Considering the valuation of this stock, the price to sales ratio is 4.81, the price to book ratio is 4.55 and price to earnings (TTM) ratio is 24.24.
Transactions by insiders
Recent insider trading involved Rothstein Bruce M, Director, that happened on Nov 19 ’24 when 40000.0 shares were sold. Director, Rothstein Bruce M completed a deal on Nov 19 ’24 to sell 5000.0 shares. Meanwhile, Director Rothstein Bruce M bought 45000.0 shares on Nov 19 ’24.
