Is Innovex International Inc (INVX) Stock a Good Buy for Short-term Investors?

Innovex International Inc [INVX] stock prices are up 1.19% to $16.15 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The INVX shares have gain 11.76% over the last week, with a monthly amount glided 5.35%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Innovex International Inc [NYSE: INVX] stock has seen the most recent analyst activity on March 14, 2022, when Tudor Pickering Holt & Co. downgraded its rating to a Hold and also revised its price target to $35 from $38. On April 01, 2021, BTIG Research initiated with a Neutral rating. Barclays downgraded its rating to a Underweight. Cowen reiterated its recommendation of a Market Perform and reduced its price target to $28 on November 04, 2020. Scotiabank downgraded its rating to Sector Perform for this stock on July 16, 2020. In a note dated May 12, 2020, Gabelli & Co downgraded an Hold rating on this stock.

The stock price of Innovex International Inc [INVX] has been fluctuating between $13.80 and $25.19 over the past year. Innovex International Inc [NYSE: INVX] shares were valued at $16.15 at the most recent close of the market.

Analyzing the INVX fundamentals

The Innovex International Inc [NYSE:INVX] reported sales of 474.23M for trailing twelve months, representing a surge of 34.30%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.04 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.78 points at the first support level, and at 15.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.50, and for the 2nd resistance point, it is at 16.85.

Ratios To Look Out For

It’s worth pointing out that Innovex International Inc [NYSE:INVX]’s Current Ratio is 5.60. Also, the Quick Ratio is 3.98, while the Cash Ratio stands at 1.5. Considering the valuation of this stock, the price to sales ratio is 2.29, the price to book ratio is 0.65.

Transactions by insiders

Recent insider trading involved Webster James C., VP, Gen Counsel & Secretary, that happened on Aug 12 ’24 when 6000.0 shares were sold. Officer, Webster James C. completed a deal on Aug 12 ’24 to buy 6000.0 shares. Meanwhile, VP, Gen Counsel & Secretary Webster James C. sold 4000.0 shares on Apr 01 ’24.

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