The Benchmark Company raised the price target for the Cactus Inc (NYSE:WHD) stock from “a Buy” to “a Hold”. The rating was released on January 16, 2024, according to finviz. We previously noted in another research note published on October 17, 2023 by Barclays that upgraded the stock from an Equal weight to an Overweight with a price target of $60 for WHD stock. The research report from BofA Securities has downgraded the stock from Neutral to Underperform, with a price target set at $47. The stock was initiated by JP Morgan, who disclosed in a research note on September 13, 2023, to Neutral and set the price objective to $60. In their research brief published January 19, 2023, The Benchmark Company analysts initiated the Cactus Inc stock to Buy with a price target of $70.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 5.29% within the last five trades and 6.74% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 4.43% in the last 6 months and 34.41% was added to its value over the previous 3 months. WHD stock is trading at a margin of 3.96%, 9.74% and 11.65% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, WHD deals in the Energy domain. The stock is trading -7.75 percent below its 52-week high and 67.64 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 32.75. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Cactus Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 25.45 percent and the profit margin is 15.42 percent, and the company has reported a gross margin of 36.22 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.45 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Cactus Inc (NYSE:WHD) is 20.55. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 15.68. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.14 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.97, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.73 percent of Cactus Inc shares are owned by insiders, and 106.61 percent are held by financial institutions. MARSH WILLIAM D, the GC, EVP and Secretary at Cactus Inc (WHD) has sold 1,700 shares of firm on Mar 11 ’24 at a price of $46.20 against the total amount of $78540.0. In another inside trade, Bender Scott, Chairman and CEO of Cactus Inc (NYSE:WHD) sold 78,000 shares of the firm on Mar 04 ’24 for a total worth of $3.57 million at a price of $45.79. An inside trade which took place on Sep 08 ’23, President of Cactus Inc Bender Joel sold 141,300 shares of firm against total price of $7.83 million at the cost of $55.41 per share.
