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Boom Or Bust: What Is Next For Cactus Inc. (NYSE: WHD) Stock?

Cactus Inc. (NYSE:WHD)’s traded shares stood at 1.87 million during the last session, with the company’s beta value hitting 1.97. At the close of trading, the stock’s price was $36.83, to imply a decrease of -4.09% or -$1.57 in intraday trading. The WHD share’s 52-week high remains $62.83, putting it -70.59% down since that peak but still an impressive 5.78% since price per share fell to its 52-week low of $34.70. The company has a valuation of $3.02B, with an average of 0.74 million shares in intraday trading volume over the past 10 days and average of 531.80K shares over the past 3 months.

Cactus Inc. (NYSE:WHD) trade information

After registering a -4.09% downside in the last session, Cactus Inc. (WHD) has traded red over the past five days. The stock hit a weekly high of 42.42 this Friday, 03/17/23, dropping -4.09% in its intraday price action. The 5-day price performance for the stock is -13.52%, and -30.23% over 30 days. With these gigs, the year-to-date price performance is -26.72%. Short interest in Cactus Inc. (NYSE:WHD) saw shorts transact 1.61 million shares and set a 2.79 days time to cover.

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Cactus Inc. (WHD) estimates and forecasts

Looking at statistics comparing Cactus Inc. share performance against respective industry, we note that the company has outperformed competitors. Cactus Inc. (WHD) shares are -14.43% down over the last 6 months, with its year-to-date growth rate higher than industry average at 27.17% against -13.60%. Revenue is forecast to grow 100.00% this quarter before jumping 80.00% for the next one. The rating firms project that company’s revenue will grow 57.40% compared to the previous financial year.

Revenue forecast for the current quarter as set by 6 analysts is $189.37 million. Meanwhile, for the quarter ending Mar 2023, a total of 6 analyst(s) estimate revenue growth to $198.6 million.Earnings reports from the last fiscal year show that sales brought in $129.92 million and $145.9 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 45.80% before jumping 36.10% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 15.20% for the past 5-year period. While 2023 is set for a 116.30% return in earnings, projections for the next 5 years are at 13.40% annually.

WHD Dividends

Cactus Inc. has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Cactus Inc. has a forward dividend ratio of 0.44, with the share yield ticking at 1.19% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Cactus Inc. (NYSE:WHD)’s Major holders

Cactus Inc. insiders hold 0.62% of total outstanding shares, with institutional holders owning 100.96% of the shares at 101.59% float percentage. In total, 100.96% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 5.83 million shares (or 9.60% of shares), all amounting to roughly $224.03 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 4.12 million shares, or about 6.78% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $158.26 million.

We also have VanEck ETF Trust-VanEck Oil Services ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Cactus Inc. (WHD) shares. Going by data provided on Dec 30, 2022, VanEck ETF Trust-VanEck Oil Services ETF holds roughly 1.94 million shares. This is just over 3.20% of the total shares, with a market valuation of $97.51 million. Data from the same date shows that the other fund manager holds a little less at 1.82 million, or 2.99% of the shares, all valued at about 69.88 million.

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