Cactus Inc [WHD] stock prices are up 1.25% to $46.81 at the moment. 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 3.98% over the last week, with a monthly amount drifted -23.46%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Cactus Inc [WHD] has been fluctuating between $43.27 and $70.01 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 $46.81 at the most recent close of the market. An investor can expect a potential return of 15.36% 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 -1.00%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 46.00 points at the first support level, and at 45.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.25, and for the 2nd resistance point, it is at 47.68.
Ratios To Look Out For
It’s worth pointing out that Cactus Inc [NYSE:WHD]’s Current Ratio is 4.33. As well, the Quick Ratio is 3.06, while the Cash Ratio is 1.92. Considering the valuation of this stock, the price to sales ratio is 3.30, the price to book ratio is 2.98 and price to earnings (TTM) ratio is 16.91.
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.
