Investors may be taking a closer look at shares of Cactus, Inc. (:WHD). Sometimes the stock market can be frustrating, even for the most experienced investors. Even when a stock looks good and results are meeting expectations, the market may decide to shift otherwise. This may lead to feelings of uncertainty and cause some second guessing. Investors may be following historical price data to gain some further insight on where the stock has been and where it may be headed. After a recent look, the stock has been seen trading near the $29.92 mark. Looking back over the past 4 weeks, shares have moved 4.62%. Over the last 5 days, the stock has seen a change of 5.43%. Looking at the last 12 week period, we note that the stock has moved -18.54%. Since the beginning of the calendar year, we note that shares have changed 9.16%. Investors will often track the current stock price relative to its 52-week high and low levels. The 52-week high is currently 40.5, and the 52-week low is resting at 20.25. When shares are trading near the 52-week high or 52-week low, investors may narrow the focus to see if there will be breakout.
Investors have the ability to approach the stock market from various angles. This may include using technical analysis, fundamental analysis, or a combination or the two. Investors watching the technical levels may be trying to chart patterns and discover trends in stock price movement. Investors tracking the fundamentals may be looking closely at many different factors. They may be focused on industry performance, earnings estimates, dividend payouts, and other factors. They might also be studying how the company is run, and trying to figure out the true value of the firm. Keeping track of all the data may seem overwhelming, but it may help give a needed boost to the portfolio.
Tracking the current quarter consensus EPS estimate for Cactus, Inc. (:WHD), we have noted that the number is currently 0.4. This estimate is using 2 contributing analysts polled by Zacks Research. For the last quarter, the company posted a quarterly EPS of 0.52. Sell-side Wall Street analysts study companies and provide their opinions of where the stock might be going in the future. A lot of weight is given to analyst estimates, and earnings beats or misses revolve around these predictions. Sometimes these estimates are very close to the actual, and other times they are not. When a company announces actual earnings results, a large surprise factor can result in increased volatility. If a company beats estimates and posts a positive earnings surprise, the stock may see a near-term bump in price. On the flip side, a negative surprise may move the stock lower. Based on the unknown, many investors may choose to trade with caution around earnings releases.
Analysts have set a target price on shares of Cactus, Inc. (:WHD). The current consensus price target is $36.88. Wall Street analysts often provide price target projections on stocks that they cover. Price target projections can be created using a wide variety of methods. Many investors will closely track stock target prices, especially when analysts make updates. A thorough research report will generally offer detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.
Sell-side analysts have the capability of providing stock ratings for companies that they cover. According to analysts polled by Zacks Research, the current average broker rating on shares of Cactus, Inc. (:WHD) is 1.13. This average rating includes analysts who have offered Sell, Buy and Hold ratings on the stock. This rating falls on a numeric scale from 1 to 5. A score of 1 would indicate a Buy recommendation, and a score of 5 would represent a Sell recommendation. Out of all the analysts offering ratings, 8 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research.
Value investors may be scanning the shelves for bargain stocks. They may be looking to spot those shares that haven’t been doing a whole lot and are being generally overlooked by the investing world. Value investors may be searching for stocks with lower price to earnings ratios that possess higher dividend yields. Investors looking for growth stocks may be willing to shell out a little more for a stock that has the possibility of increasing EPS at a quicker pace. Some investors may favor one category of stocks over another, but they may need to find a combination at some point. As markets tend to move in cycles, it may be necessary to align the portfolio to the category that is best positioned to make consistent gains in the future.
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