Cactus Inc Stock Price on October 16, 2024
| WHD Stock | USD 57.27 0.47 0.81% |
Below is the normalized historical share price chart for Cactus Inc extending back to February 08, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cactus stands at 57.27, as last reported on the 29th of December, with the highest price reaching 58.04 and the lowest price hitting 56.67 during the day.
If you're considering investing in Cactus Stock, it is important to understand the factors that can impact its price. Cactus Inc secures Sharpe Ratio (or Efficiency) of -0.0135, which signifies that the company had a -0.0135% return per unit of standard deviation over the last 3 months. Cactus Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cactus' risk adjusted performance of (0.01), and Mean Deviation of 1.73 to double-check the risk estimate we provide.
At present, Cactus' Common Stock Total Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 488.3 M, whereas Liabilities And Stockholders Equity is forecasted to decline to about 790.6 M. . At present, Cactus' Price Earnings Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 3.56, whereas Price To Free Cash Flows Ratio is forecasted to decline to 9.41. Cactus Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 8th of February 2018 | 200 Day MA 56.8334 | 50 Day MA 62.9828 | Beta 1.952 |
Cactus |
Sharpe Ratio = -0.0135
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Estimated Market Risk
| 2.43 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cactus is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cactus by adding Cactus to a well-diversified portfolio.
Price Book 3.8059 | Enterprise Value Ebitda 9.7707 | Price Sales 3.3706 | Shares Float 66.2 M | Dividend Share 0.49 |
Cactus Main Headline on 16th of October 2024
Is Cactus, Inc. Expensive For A Reason A Look At Its Intrins... by simplywall.st
Key Insights The projected fair value for Cactus is US47.25 based on 2 Stage Free Cash Flow to Equity Cactus is...
Cactus Valuation on October 16, 2024
It is possible to determine the worth of Cactus on a given historical date. On October 16, 2024 Cactus was worth 62.25 at the beginning of the trading date compared to the closed value of 63.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cactus stock. Still, in general, we apply an absolute valuation method to find Cactus' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cactus where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cactus' related companies.
| Open | High | Low | Close | Volume | |
| 61.25 | 62.08 | 59.94 | 60.99 | 482,328 | |
10/16/2024 | 62.25 | 63.34 | 61.43 | 63.11 | 515,523 |
| 62.74 | 62.99 | 61.10 | 61.27 | 439,340 |
| Backtest Cactus | | | Cactus History | | | Cactus Valuation | Previous | Next |
Cactus Trading Date Momentum on October 16, 2024
| On October 17 2024 Cactus Inc was traded for 61.27 at the closing time. Highest Cactus's price during the trading hours was 62.99 and the lowest price during the day was 61.10 . The net volume was 439.3 K. The overall trading history on the 17th of October 2024 contributed to the next trading period price depreciation. The trading price change to the next next day price was 2.92% . The overall trading delta to current price is 10.33% . |
Cactus Inc Fundamentals Correlations and Trends
By evaluating Cactus' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cactus' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cactus financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cactus Stock history
Cactus investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cactus is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cactus Inc will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cactus stock prices may prove useful in developing a viable investing in Cactus
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 79.5 M | 71.7 M | |
| Net Income Applicable To Common Shares | 126.7 M | 133 M |
Cactus Quarterly Net Working Capital |
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Cactus Stock Technical Analysis
Cactus technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cactus Period Price Range
Low | December 29, 2024
| High |
0.00 | 0.00 |
Cactus Inc cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cactus December 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Cactus stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cactus shares will generate the highest return on investment. By undertsting and applying Cactus stock market strength indicators, traders can identify Cactus Inc entry and exit signals to maximize returns
Cactus Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cactus' price direction in advance. Along with the technical and fundamental analysis of Cactus Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cactus to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.14) |
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| Volume Indicators |
Complementary Tools for Cactus Stock analysis
When running Cactus' price analysis, check to measure Cactus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cactus is operating at the current time. Most of Cactus' value examination focuses on studying past and present price action to predict the probability of Cactus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cactus' price. Additionally, you may evaluate how the addition of Cactus to your portfolios can decrease your overall portfolio volatility.
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