Cactus Inc (WHD) stock: A year of ups and downs

While Cactus Inc has overperformed by 3.68%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WHD fell by -23.12%, with highs and lows ranging from $57.00 to $31.36, whereas the simple moving average fell by -9.19% in the last 200 days.

On January 16, 2024, The Benchmark Company Downgraded Cactus Inc (NYSE: WHD) to Hold.

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Analysis of Cactus Inc (WHD)

With WHD’s current dividend of $0.46 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 56.04%, showing a positive trend in the upcoming months.

Cactus Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 22.15% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.63, 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.

The average volume for any stock is also a very valuable indicator of volatility, and WHD has an average volume of 656.04K. On a monthly basis, the volatility of the stock is set at 2.87%, whereas on a weekly basis, it is put at 3.26%, with a gain of 6.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $53.30, showing growth from the present price of $40.56, 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?

Oil & Gas Equipment & Services giant Cactus Inc (WHD) is based in the USA and is one of the largest companies in the market. 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 17.47, there is a growth in quarterly earnings of 56.12%.

In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 0.64%. 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 104.79% 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 0.33% in the first quarter. The company now owns 6,191,401 shares of the stock, with a value of $281.09 million, following the purchase of 20,251 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 2.21%. During the last quarter, the company dropped down 88,490 additional shares for a total stake of worth $185.8 million, bringing number of shares owned by the company to 4,092,445.

During the first quarter, American Century Investment Manag subtracted a -208,645 position in WHD. T. Rowe Price Investment Manageme sold an additional -0.77 million shares in the last quarter, decreasing its holdings by -24.77%, now holding 2.34 million shares worth $106.23 million. At the end of the first quarter, ClearBridge Investments LLC decreased its WHD holdings by -0.83% and now holds 2.07 million WHD shares valued at $94.05 million with the lessened 17332.0 shares during the period. WHD shares are owned by institutional investors to the tune of 104.79% at present.

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