Innovex International (NYSE:INVX - Get Free Report) announced its earnings results on Tuesday. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21, Zacks reports. The company had revenue of $250.69 million during the quarter. Innovex International had a net margin of 12.31% and a negative return on equity of 0.73%. Innovex International updated its Q1 2025 guidance to EPS.
Innovex International Price Performance
Shares of NYSE INVX traded down $0.81 during midday trading on Friday, hitting $18.29. The company's stock had a trading volume of 921,806 shares, compared to its average volume of 431,421. The company's fifty day moving average price is $15.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.87 and a quick ratio of 2.17. Innovex International has a 1 year low of $12.54 and a 1 year high of $25.19. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.97 and a beta of 0.89.
Insider Activity
In related news, CFO Kendal Reed bought 3,765 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $13.28 per share, for a total transaction of $49,999.20. Following the completion of the acquisition, the chief financial officer now owns 186,232 shares in the company, valued at approximately $2,473,160.96. This trade represents a 2.06 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.10% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on INVX shares. Barclays lowered their price objective on shares of Innovex International from $21.00 to $15.00 and set an "underweight" rating for the company in a research report on Tuesday, November 26th. Pickering Energy Partners upgraded Innovex International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th.
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Innovex International Company Profile
(
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Innovex International, Inc engages in the provision of solutions for both onshore and offshore applications within the oil and gas industry. The company was founded on September 15, 2016 and is headquartered in Humble, TX.
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