Cactus Inc (NYSE: WHD) is 22.80% higher on its value in year-to-date trading and has touched a low of $37.58 and a high of $64.96 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 $54.45 in the last trading session, with the day’s gains setting it 1.3%.
Currently trading at $55.75, the stock is -4.01% and -3.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 2.39% at the moment leaves the stock 12.28% off its SMA200. WHD registered 5.21% gain for a year compared to 6-month gain of 17.00%.
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The stock witnessed a -4.09% loss in the last 1 month and extending the period to 3 months gives it a 3.01%, and is -1.01% down 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 4.06% over the week and 2.87% over the month.
Cactus Inc (WHD) has around 1600 employees, a market worth around $3.71B and $1.13B in sales. Current P/E ratio is 19.32 and Fwd P/E is 16.89. Profit margin for the company is 16.88%. Distance from 52-week low is 48.35% and -14.18% from its 52-week high. The company has generated returns on investments over the last 12 months (19.36%).
The EPS is expected to shrink by -4.85% this year
370.0 institutions hold shares in Cactus Inc (WHD), with institutional investors hold 124.41% of the company’s shares. The shares outstanding are 66.48M, and float is at 65.85M with Short Float at 8.14%. Institutions hold 123.50% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.04 million shares valued at $529.43 million. The investor’s holdings represent 15.1773 of the WHD Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 9.86 million shares valued at $519.8 million to account for 14.9012 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 7.47 million shares representing 11.2876 and valued at over $393.75 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 4.827 of the shares totaling 3.19 million with a market value of $168.38 million.
Cactus Inc (WHD) Insider Activity
The most recent transaction is an insider sale by MARSH WILLIAM D, the company’s GC, EVP and Secretary. SEC filings show that MARSH WILLIAM D sold 2,059 shares of the company’s common stock on May 09 ’24 at a price of $51.03 per share for a total of $0.11 million. Following the sale, the insider now owns 1852.0 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 07 ’24, Bender Joel (President) disposed off 201,585 shares at an average price of $52.03 for $10.49 million. The insider now directly holds 555,001 shares of Cactus Inc (WHD).
