Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cactus Inc before investing.

In this article, we go over a few key elements for understanding Cactus Inc’s stock price such as:

• Cactus Inc’s current stock price and volume
• Why Cactus Inc’s stock price changed recently
• Upgrades and downgrades for WHD from analysts
• WHD’s stock price momentum as measured by its relative strength

About Cactus Inc (WHD)

Before we jump into Cactus Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cactus, Inc. is an equipment solutions provider. The Company designs, manufactures, sells or rents a range of highly engineered pressure control and spoolable pipe technologies. Its products are sold and rented principally for onshore unconventional oil and gas wells. The Company operates in two segment: Pressure Control and Spoolable. The Pressure Control segment is engaged in the design, manufacture, sale, installation and service of wellhead and pressure control equipment utilized during the drilling, completion and production phases of oil and gas wells. The Spoolable Technologies segment is engaged in the design, manufacture, sale, installation, service and associated rental of onshore spoolable pipe technologies utilized for production, gathering and takeaway transportation of oil, gas or other liquids. The Company's principal products include Cactus SafeDrill Wellhead Systems, FlexSteel, Conventional Wellheads, and Flow Control Products.

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Cactus Inc’s Stock Price as of Market Close

As of November 07, 2023, 4:00 PM, CST, Cactus Inc’s stock price was $43.47.

Cactus Inc is down 4.8% from its previous closing price of $45.66.

During the last market session, Cactus Inc’s stock traded between $45.61 and $47.51. Currently, there are 64.57 million shares of Cactus Inc stock available for purchase.

Cactus Inc’s price-earnings (P/E) ratio is currently at 23.5, which is high compared to the Oil & Gas - Related Services and Equipment industry median of 16.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cactus Inc Stock Price History

Cactus Inc’s (WHD) price is currently down 7.39% so far this month.

During the month of November, Cactus Inc’s stock price has reached a high of $48.65 and a low of $43.44.

Over the last year, Cactus Inc has hit prices as high as $58.30 and as low as $31.37. Year to date, Cactus Inc’s stock is up 14%.

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What Caused Cactus Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 06, 2023, there were 0 analysts who downgraded Cactus Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Cactus Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cactus Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cactus Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cactus Inc (WHD) by visiting AAII Stock Evaluator.

Relative Price Strength of Cactus Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 06, 2023, Cactus Inc has a weighted four-quarter relative price strength of -6.31%, which translates to a Momentum Score of 46 and is considered to be Average.

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Cactus Inc Stock Price: Bottom Line

As of November 7, 2023, Cactus Inc’s stock price is $43.47, which is down 4.8% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cactus Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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