Is NYSE:WHD a Fit for Growth Investing Strategies?

In this article we will dive into CACTUS INC - A (NYSE:WHD) as a possible candidate for growth investing. Investors should always do their own research, but we noticed CACTUS INC - A showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of CACTUS INC - A

• CACTUS INC - A has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 42.11% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• CACTUS INC - A has experienced 46.36% q2q revenue growth, indicating a significant sales increase.
• The 3-year EPS growth of CACTUS INC - A (62.51%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• CACTUS INC - A showcases a robust Return on Equity (ROE) of 19.55%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• The Relative Strength (RS) of CACTUS INC - A has consistently been strong, with a current 87.1 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. CACTUS INC - A demonstrates promising potential for sustained price momentum.
• CACTUS INC - A exhibits a favorable Debt-to-Equity ratio at 0.01. This highlights the company's ability to limit excessive debt levels and maintain a strong equity base, demonstrating its financial stability and risk management practices.
• With institutional shareholders at 83.07%, CACTUS INC - A demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

What is the technical picture of NYSE:WHD telling us.

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

Taking everything into account, WHD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WHD is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• Looking at the yearly performance, WHD did better than 87% of all other stocks.
• WHD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WHD is performing more or less in line with the market.
• In the last month WHD has a been trading in the 48.80 - 53.09 range, which is quite wide. It is currently trading near the high of this range.
• WHD is part of the Energy Equipment & Services industry. There are 65 other stocks in this industry, WHD did better than 67% of them.

Check the latest full technical report of WHD for a complete technical analysis.

Fundamental analysis of NYSE:WHD

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

WHD gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 65 industry peers in the Energy Equipment & Services industry. Both the health and profitability get an excellent rating, making WHD a very profitable company, without any liquidiy or solvency issues. WHD has a correct valuation and a medium growth rate. These ratings would make WHD suitable for quality investing!

Check the latest full fundamental report of WHD for a complete fundamental analysis.

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.