Innovex International Inc. (NYSE: INVX) kicked off on Monday, up 3.32% from the previous trading daybefore settling in for the closing price of $14.78. Over the past 52 weeks, INVX has traded in a range of $14.07-$30.12.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 2.71%. While this was happening, its average annual earnings per share was recorded 270.88%. With a float of $35.66 million, this company’s outstanding shares have now reached $66.64 million.
Considering the fact that the conglomerate employs 1659 people, you should pay attention to its efficiency factor.
Innovex International Inc. (INVX) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of Innovex International Inc. is 46.48%, while institutional ownership is 53.18%. The most recent insider transaction that took place on Aug 12 ’24, was worth 88,020. In this transaction VP, Gen Counsel & Secretary of this company sold 6,000 shares at a rate of $14.67, taking the stock ownership to the 56,735 shares. Before that another transaction happened on Aug 12 ’24, when Company’s Officer proposed sale 6,000 for $14.36, making the entire transaction worth $86,160.
Innovex International Inc. (INVX) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.15 earnings per share (EPS), lower than consensus estimate (set at 0.1) by -0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 270.88% per share during the next fiscal year.
Innovex International Inc. (NYSE: INVX) Trading Performance Indicators
Take a look at Innovex International Inc.’s (INVX) current performance indicators. Last quarter, stock had a quick ratio of 3.98. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.15. Likewise, its price to free cash flow for the trailing twelve months is 126.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.79, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 0.78 in one year’s time.
Technical Analysis of Innovex International Inc. (INVX)
Compared to the last year’s volume of 0.27 million, its volume of 0.61 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 32.35%. Additionally, its Average True Range was 0.71.
During the past 100 days, Innovex International Inc.’s (INVX) raw stochastic average was set at 19.80%, which indicates a significant decrease from 44.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.59% in the past 14 days, which was lower than the 44.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.97, while its 200-day Moving Average is $19.61. Nevertheless, the first resistance level for the watch stands at $15.61 in the near term. At $15.95, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.56. If the price goes on to break the first support level at $14.65, it is likely to go to the next support level at $14.04. Should the price break the second support level, the third support level stands at $13.70.
Innovex International Inc. (NYSE: INVX) Key Stats
The company with the Market Capitalisation of 1.02 billion has total of 0K Shares Outstanding. Its annual sales at the moment are 71,030 K in contrast with the sum of -28,000 K annual income. Company’s last quarter sales were recorded 127,994 K and last quarter income was 14,499 K.
