Cactus, Inc. (WHD)’s Bullish Multiple Top Chart Pattern Points to Lower Stock Risks

September 8, 2018 - By Matthew Richard

The stock of Cactus, Inc. (WHD) shows a multiple tops pattern with $35.47 target or 5.00 % above today’s $33.78 share price. The 6 months chart pattern indicates low risk for the $2.53B company. It was reported on Sep, 8 by If the $35.47 price target is reached, the company will be worth $126.50M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 1.41% or $0.47 during the last trading session, reaching $33.78. About 327,212 shares traded. Cactus, Inc. (NYSE:WHD) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Cactus, Inc. (NYSE:WHD) to report earnings on November, 7. WHD’s profit will be $37.45M for 16.89 P/E if the $0.50 EPS becomes a reality. After $0.46 actual EPS reported by Cactus, Inc. for the previous quarter, Wall Street now forecasts 8.70 % EPS growth.

Cactus, Inc. designs, manufactures, sells, and rents a range of wellheads and pressure control equipment. The company has market cap of $2.53 billion. The Company’s principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. It has a 7.3 P/E ratio. The firm also provides mission-critical field services, including 24-hour service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents.

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