Is Innovex International, Stock a Good Investment?
Innovex International, Investment Advice | INVX |
- Examine Innovex International,'s financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Innovex International,'s leadership team and their track record. Good management can help Innovex International, navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Energy Equipment & Services space and any emerging trends that could impact Innovex International,'s business and its evolving consumer preferences.
- Compare Innovex International,'s performance and market position to its competitors. Analyze how Innovex International, is positioned in terms of product offerings, innovation, and market share.
- Check if Innovex International, pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Innovex International,'s stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Innovex International, stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Innovex International, is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Insignificant | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Innovex International, Stock
Researching Innovex International,'s stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 89.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.26. Some equities with similar Price to Book (P/B) outperform the market in the long run. Innovex International, had not issued any dividends in recent years. The entity had 2:1 split on the 6th of October 2006.
To determine if Innovex International, is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Innovex International,'s research are outlined below:
| Innovex International, was previously known as Dril Quip and was traded on New York Stock Exchange under the symbol DRQ. | |
| Innovex International, currently holds 2.31 M in liabilities. Innovex International, has a current ratio of 0.17, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Innovex International,'s use of debt, we should always consider it together with its cash and equity. | |
| Innovex International, has a strong financial position based on the latest SEC filings | |
| Over 89.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Fink Benjamin Matthew of 2022 shares of Innovex International, at 14.68 subject to Rule 16b-3 |
Innovex International, Quarterly Good Will |
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Earnings surprises can significantly impact Innovex International,'s stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Innovex International,'s investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-08-02 | 2024-06-30 | 0.22 | 0.1 | -0.12 | 54 | ||
2024-02-27 | 2023-12-31 | 0.18 | 0.04 | -0.14 | 77 | ||
2023-10-27 | 2023-09-30 | 0.1 | -0.15 | -0.25 | 250 | ||
2024-11-07 | 2024-09-30 | 0.25 | -0.17 | -0.42 | 168 | ||
2024-05-03 | 2024-03-31 | 0.09 | -0.62 | -0.71 | 788 |
Innovex International,'s market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.09 B.Market Cap |
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Innovex International,'s profitablity analysis
| Last Reported | Projected for Next Year |
Determining Innovex International,'s profitability involves analyzing its financial statements and using various financial metrics to determine if Innovex International, is a good buy. For example, gross profit margin measures Innovex International,'s profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Innovex International,'s profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Innovex International,'s accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Innovex International,. Check Innovex International,'s Beneish M Score to see the likelihood of Innovex International,'s management manipulating its earnings.
Evaluate Innovex International,'s management efficiency
Innovex International, has return on total asset (ROA) of 0.0562 % which means that it generated a profit of $0.0562 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2095 %, meaning that it created $0.2095 on every $100 dollars invested by stockholders. Innovex International,'s management efficiency ratios could be used to measure how well Innovex International, manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.0006 in 2024. Return On Capital Employed is likely to drop to 0 in 2024. At this time, Innovex International,'s Non Currrent Assets Other are fairly stable compared to the past year. Intangible Assets is likely to rise to about 43.2 M in 2024, whereas Total Assets are likely to drop slightly above 580.1 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 25.79 | 17.57 | |
| Tangible Book Value Per Share | 24.07 | 17.07 | |
| Enterprise Value Over EBITDA | 7.22 | 3.76 | |
| Price Book Value Ratio | 0.57 | 1.06 | |
| Enterprise Value Multiple | 7.22 | 3.76 | |
| Price Fair Value | 0.57 | 1.06 | |
| Enterprise Value | 567.4 M | 566.1 M |
The leadership approach at Innovex International,'s fosters a culture of excellence and accountability. Our analysis examines how this culture influences financial outcomes and stock valuation.
Beta 0.842 |
Basic technical analysis of Innovex Stock
As of the 21st of November, Innovex International, retains the Downside Deviation of 2.56, market risk adjusted performance of 0.1332, and Risk Adjusted Performance of 0.0693. Innovex International, technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.Innovex International,'s insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Innovex International, insiders, such as employees or executives, is commonly permitted as long as it does not rely on Innovex International,'s material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Innovex International, insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Fink Benjamin Matthew 3 days ago Acquisition by Fink Benjamin Matthew of 2022 shares of Innovex International, at 14.68 subject to Rule 16b-3 |
Understand Innovex International,'s technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Innovex International,'s various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0693 | |||
| Market Risk Adjusted Performance | 0.1332 | |||
| Mean Deviation | 1.96 | |||
| Semi Deviation | 2.43 | |||
| Downside Deviation | 2.56 | |||
| Coefficient Of Variation | 1208.27 | |||
| Standard Deviation | 2.49 | |||
| Variance | 6.22 | |||
| Information Ratio | 0.0445 | |||
| Jensen Alpha | 0.0602 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | 0.1232 | |||
| Maximum Drawdown | 11.32 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.57 | |||
| Downside Variance | 6.56 | |||
| Semi Variance | 5.91 | |||
| Expected Short fall | (2.00) | |||
| Skewness | (0.04) | |||
| Kurtosis | 0.4333 |
| Risk Adjusted Performance | 0.0693 | |||
| Market Risk Adjusted Performance | 0.1332 | |||
| Mean Deviation | 1.96 | |||
| Semi Deviation | 2.43 | |||
| Downside Deviation | 2.56 | |||
| Coefficient Of Variation | 1208.27 | |||
| Standard Deviation | 2.49 | |||
| Variance | 6.22 | |||
| Information Ratio | 0.0445 | |||
| Jensen Alpha | 0.0602 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0434 | |||
| Treynor Ratio | 0.1232 | |||
| Maximum Drawdown | 11.32 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 3.57 | |||
| Downside Variance | 6.56 | |||
| Semi Variance | 5.91 | |||
| Expected Short fall | (2.00) | |||
| Skewness | (0.04) | |||
| Kurtosis | 0.4333 |
Consider Innovex International,'s intraday indicators
Innovex International, intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Innovex International, stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Innovex International, time-series forecasting models is one of many Innovex International,'s stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Innovex International,'s historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
Innovex Stock media impact
Far too much social signal, news, headlines, and media speculation about Innovex International, that are available to investors today. That information is available publicly through Innovex media outlets and privately through word of mouth or via Innovex internal channels. However, regardless of the origin, that massive amount of Innovex data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Innovex International, news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Innovex International, relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Innovex International,'s headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Innovex International, alpha.
Innovex International, Corporate Management
| Ben Griffith | Senior Chain | Profile | |
| Kevin Rice | Senior Line | Profile | |
| Dawn Harrington | Senior HSE | Profile | |
| Steve Chauffe | Caspian, Europe | Profile | |
| John Ray | Senior Asia | Profile | |
| Bruce Witwer | Senior Line | Profile |
Additional Tools for Innovex Stock Analysis
When running Innovex International,'s price analysis, check to measure Innovex International,'s market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovex International, is operating at the current time. Most of Innovex International,'s value examination focuses on studying past and present price action to predict the probability of Innovex International,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovex International,'s price. Additionally, you may evaluate how the addition of Innovex International, to your portfolios can decrease your overall portfolio volatility.