While Cactus Inc has underperformed by -1.13%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, WHD rose by 25.83%, with highs and lows ranging from $57.00 to $31.36, whereas the simple moving average jumped by 9.65% in the last 200 days.
On January 16, 2024, The Benchmark Company Downgraded Cactus Inc (NYSE: WHD) to Hold. A report published by Barclays on October 17, 2023, Upgraded its rating to ‘Overweight’ for WHD. BofA Securities also Downgraded WHD shares as ‘Underperform’, setting a target price of $47 on the company’s shares in a report dated October 16, 2023. JP Morgan Initiated an Neutral rating on September 13, 2023, and assigned a price target of $60. The Benchmark Company initiated its ‘Buy’ rating for WHD, as published in its report on January 19, 2023. Barclays’s report from October 06, 2022 suggests a price prediction of $48 for WHD shares, giving the stock a ‘Equal Weight’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
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 $0.47 per share. Further, the quarter-over-quarter increase in sales is 46.38%, 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 23.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.00, 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 582.25K. On a monthly basis, the volatility of the stock is set at 2.85%, whereas on a weekly basis, it is put at 3.19%, with a gain of 5.21% over the past seven days. Furthermore, long-term investors anticipate a median target price of $52.00, showing growth from the present price of $51.73, 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 20.22, there is a growth in quarterly earnings of 46.83%.
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 0.73%. 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 105.92% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
WHD shares are owned by institutional investors to the tune of 105.92% at present.
