Cactus Inc (NYSE: WHD) is 30.57% higher on its value in year-to-date trading and has touched a low of $37.58 and a high of $61.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WHD stock was last observed hovering at around $60.07 in the last trading session, with the day’s loss setting it -0.79%.
Currently trading at $59.28, the stock is 11.56% and 14.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing -1.32% at the moment leaves the stock 25.12% off its SMA200. WHD registered 23.50% gain for a year compared to 6-month gain of 55.55%.
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The stock witnessed a 12.44% loss in the last 1 month and extending the period to 3 months gives it a 20.00%, and is 9.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.72% over the week and 3.43% over the month.
Cactus Inc (WHD) has around 1600 employees, a market worth around $3.90B and $1.14B in sales. Current P/E ratio is 23.55 and Fwd P/E is 17.91. Profit margin for the company is 14.46%. Distance from 52-week low is 57.74% and -4.12% from its 52-week high. The company has generated returns on investments over the last 12 months (17.90%).
The EPS is expected to shrink by -8.58% this year
The shares outstanding are 65.41M, and float is at 65.07M with Short Float at 11.72%.
Cactus Inc (WHD) Insider Activity
The most recent transaction is an insider sale by Bender Scott, the company’s Chairman and CEO. SEC filings show that Bender Scott sold 358,458 shares of the company’s common stock on May 09 ’24 at a price of $51.10 per share for a total of $18.32 million. Following the sale, the insider now owns 41776.0 shares.
Cactus Inc disclosed in a document filed with the SEC on May 09 ’24 that Bender Joel (President) sold a total of 358,458 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $51.10 per share for $18.32 million. Following the transaction, the insider now directly holds 0.16 million shares of the WHD stock.
Still, SEC filings show that on May 09 ’24, MARSH WILLIAM D (GC, EVP and Secretary) disposed off 2,059 shares at an average price of $51.03 for $0.11 million. The insider now directly holds 1,852 shares of Cactus Inc (WHD).
