The share price of Cactus Inc. (NYSE:WHD) fell to $42.05 per share on Wednesday from $42.24. While Cactus Inc. has underperformed by -0.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WHD fell by -26.29%, with highs and lows ranging from $62.83 to $34.70, whereas the simple moving average fell by -8.21% in the last 200 days.
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On January 19, 2023, The Benchmark Company started tracking Cactus Inc. (NYSE: WHD) recommending Buy. A report published by Barclays on October 06, 2022, Downgraded its rating to ‘Equal Weight’ for WHD. Morgan Stanley also Downgraded WHD shares as ‘Equal-Weight’, setting a target price of $52 on the company’s shares in a report dated April 11, 2022. BofA Securities March 11, 2022d its ‘Buy’ rating to ‘Neutral’ for WHD, as published in its report on March 11, 2022. Barclays also rated the stock as ‘Overweight’.
Analysis of Cactus Inc. (WHD)
A return on investment can be expected regardless of WHD’s performance over the next quarter with the dividend set at $0.44 per share. Further, the quarter-over-quarter increase in sales is 44.60%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Cactus Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 20.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 4.20, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and WHD is recording an average volume of 617.09K. On a monthly basis, the volatility of the stock is set at 4.56%, whereas on a weekly basis, it is put at 3.54%, with a gain of 2.46% over the past seven days. Furthermore, long-term investors anticipate a median target price of $54.33, showing growth from the present price of $42.05, which can serve as yet another indication of whether WHD is worth investing in or should be passed over.
How Do You Analyze Cactus Inc. Shares?
A leading company in the Oil & Gas Equipment & Services sector, Cactus Inc. (WHD) is based in the USA. When comparing Cactus Inc. shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 23.39, there is a growth in quarterly earnings of 99.50%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 22.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 99.40% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in WHD shares?
The recent increase in stakes in WHD appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in WHD has increased by 2.21% in the first quarter. The company now owns 5,804,025 shares of the stock, with a value of $266.69 million, following the purchase of 125,720 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in WHD during the first quarter, upping its stake by 0.96%. During the last quarter, the company dropped down 35,610 additional shares for a total stake of worth $171.85 million, bringing number of shares owned by the company to 3,740,002.
During the first quarter, T. Rowe Price Investment Manageme subtracted a -5,790 position in WHD. AllianceBernstein LP sold an additional -0.12 million shares in the last quarter, decreasing its holdings by -5.58%, now holding 2.07 million shares worth $95.09 million. At the end of the first quarter, ClearBridge Investments LLC increased its WHD holdings by 1.22% and now holds 2.04 million WHD shares valued at $93.6 million with the added 24495.0 shares during the period. WHD shares are owned by institutional investors to the tune of 99.40% at present.
