The stock of Innovex International Inc (NYSE: INVX) has decreased by -3.52 when compared to last closing price of 15.63.Despite this, the company has seen a gain of 7.95% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-08 that Innovex International, Inc. (NYSE:INVX ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Erin Fazio – Investor Relations Adam Anderson – Chief Executive Officer Kendal Reed – Chief Financial Officer Conference Call Participants David Smith – Pickering Energy James West – Evercore ISI Eddie Kim – Barclays Operator Good morning, and welcome to Innovex’s Third Quarter 2024 Earnings Call. At this time all participants are on a listen-only mode and there will be a question-and-answer opportunity at the end of this call.
Is It Worth Investing in Innovex International Inc (NYSE: INVX) Right Now?
Additionally, the 36-month beta value for INVX is 0.87. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for INVX is 36.27M and currently, short sellers hold a 4.23% ratio of that float. The average trading volume of INVX on January 09, 2025 was 476.14K shares.
INVX’s Market Performance
INVX stock saw an increase of 7.95% in the past week, with a monthly gain of 3.01% and a quarterly increase of 0.47%. The volatility ratio for the week is 3.83%, and the volatility levels for the last 30 days are 4.76% for Innovex International Inc (INVX). The simple moving average for the past 20 days is 9.21% for INVX’s stock, with a -10.71% simple moving average for the past 200 days.
Analysts’ Opinion of INVX
Many brokerage firms have already submitted their reports for INVX stocks, with Tudor Pickering Holt & Co. repeating the rating for INVX by listing it as a “Hold.” The predicted price for INVX in the upcoming period, according to Tudor Pickering Holt & Co. is $35 based on the research report published on March 14, 2022 of the previous year 2022.
INVX Trading at 0.85% from the 50-Day Moving Average
After a stumble in the market that brought INVX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.13% of loss for the given period.
Volatility was left at 4.76%, however, over the last 30 days, the volatility rate increased by 3.83%, as shares surge +5.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.40% upper at present.
During the last 5 trading sessions, INVX rose by +7.95%, which changed the moving average for the period of 200-days by -38.75% in comparison to the 20-day moving average, which settled at $13.81. In addition, Innovex International Inc saw 7.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at INVX starting from Reed Kendal, who purchase 3,765 shares at the price of $13.28 back on Dec 13 ’24. After this action, Reed Kendal now owns 186,232 shares of Innovex International Inc, valued at $49,999 using the latest closing price.
Webster James C., the VP, Gen Counsel & Secretary of Innovex International Inc, sale 6,000 shares at $14.67 during a trade that took place back on Aug 12 ’24, which means that Webster James C. is holding 56,735 shares at $88,020 based on the most recent closing price.
Stock Fundamentals for INVX
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.31 for the gross margin
The net margin for Innovex International Inc stands at 0.12. The total capital return value is set at -0.01. Equity return is now at value -3.12, with -2.72 for asset returns.
Based on Innovex International Inc (INVX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 2.83. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -12.99.
Currently, EBITDA for the company is 43.94 million with net debt to EBITDA at -0.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.94. The receivables turnover for the company is 2.03for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.60.
Conclusion
In conclusion, Innovex International Inc (INVX) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
