Recent Performance of Innovex International Inc (INVX) Stock: A Closer Look

Currently, Innovex International Inc [INVX] is trading at $12.90, down -3.08%. 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 lost -2.42% over the last week, with a monthly amount drifted -22.15%, and not 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.

This stock has fluctuated between a low of $12.62 and a high of $25.19 over the last 52 weeks. Innovex International Inc [NYSE: INVX] shares were valued at $12.90 at the most recent close of the market.

Analyzing the INVX fundamentals

Trailing Twelve Months sales for Innovex International Inc [NYSE:INVX] were 474.23M which represents 34.30% growth. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.07 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

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 12.57 points at the first support level, and at 12.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.37, and for the 2nd resistance point, it is at 13.84.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Innovex International Inc [NYSE:INVX] is 5.60. Also, the Quick Ratio is 3.98, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 0.52.

Transactions by insiders

Recent insider trading involved Reed Kendal, Chief Financial Officer, that happened on Dec 13 ’24 when 3765.0 shares were purchased. VP, Gen Counsel & Secretary, Webster James C. completed a deal on Aug 12 ’24 to sell 6000.0 shares. Meanwhile, Officer Webster James C. bought 6000.0 shares on Aug 12 ’24.

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