Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
As of close of business last night, Cactus Inc’s stock clocked out at $49.54, down -0.20% from its previous closing price of $49.64. In other words, the price has decreased by -$0.20 from its previous closing price. On the day, 0.61 million shares were traded. WHD stock price reached its highest trading level at $50.49 during the session, while it also had its lowest trading level at $49.3.
Ratios:
To gain a deeper understanding of WHD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.26 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.95. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 3.17. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
On October 17, 2023, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $48 to $60.
BofA Securities Downgraded its Neutral to Underperform on October 16, 2023, whereas the target price for the stock was revised from $46 to $47.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when MARSH WILLIAM D sold 1,700 shares for $46.20 per share. The transaction valued at 78,540 led to the insider holds 3,911 shares of the business.
Bender Scott sold 78,000 shares of WHD for $3,571,620 on Mar 04 ’24. The Chairman and CEO now owns 20 shares after completing the transaction at $45.79 per share. On Sep 08 ’23, another insider, Bender Joel, who serves as the President of the company, sold 141,300 shares for $55.41 each. As a result, the insider received 7,829,433 and left with 114,982 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WHD now has a Market Capitalization of 3245786624 and an Enterprise Value of 3341517056. As of this moment, Cactus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.36, and their Forward P/E ratio for the next fiscal year is 14.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.96 while its Price-to-Book (P/B) ratio in mrq is 3.74. Its current Enterprise Value per Revenue stands at 3.046 whereas that against EBITDA is 9.374.
Stock Price History:
Over the past 52 weeks, WHD has reached a high of $57.00, while it has fallen to a 52-week low of $31.36. The 50-Day Moving Average of the stock is 1.45%, while the 200-Day Moving Average is calculated to be 4.80%.
Shares Statistics:
It appears that WHD traded 571.93K shares on average per day over the past three months and 527330 shares per day over the past ten days. A total of 65.41M shares are outstanding, with a floating share count of 65.04M. Insiders hold about 0.73% of the company’s shares, while institutions hold 105.30% stake in the company. Shares short for WHD as of 1713139200 were 3744873 with a Short Ratio of 6.55, compared to 1710460800 on 3505654. Therefore, it implies a Short% of Shares Outstanding of 3744873 and a Short% of Float of 7.21.
Dividends & Splits
With its trailing 12-month dividend rate of 0.46, WHD has a forward annual dividend rate of 0.47. Against a Trailing Annual Dividend Yield of 0.009266721
