Innovex International Inc's fundamentals are relatively very healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 19 out of 97 in the Oil & Gas Related Equipment and Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 25.00.In the medium term, the stock price is expected to trend up.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Innovex International Inc is 8.85, ranking 6 out of 97 in the Oil & Gas Related Equipment and Services industry. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 240.00M, representing a year-over-year increase of 58.09%, while its net profit experienced a year-over-year increase of 52.50%.
Key Metrics
The current valuation score of Innovex International Inc is 7.21, ranking 62 out of 97 in the Oil & Gas Related Equipment and Services industry. Its current P/E ratio is 39.17, which is 2.92% below the recent high of 40.31 and 86.77% above the recent low of 5.18.
The current earnings forecast score of Innovex International Inc is 6.67, ranking 67 out of 97 in the Oil & Gas Related Equipment and Services industry. The average price target is 20.00, with a high of 28.00 and a low of 20.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Innovex International Inc is 8.67, ranking 81 out of 97 in the Oil & Gas Related Equipment and Services industry. Currently, the stock price is trading between the resistance level at 26.97 and the support level at 23.41, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Innovex International Inc is 10.00, ranking 1 out of 97 in the Oil & Gas Related Equipment and Services industry. The latest institutional shareholding proportion is 106.62%, representing a quarter-over-quarter increase of 2.01%. The largest institutional shareholder is Brandes Investmen, holding a total of 7.66M shares, representing 11.11% of shares outstanding, with 17.00% increase in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Oil & Gas Related Equipment and Services domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Innovex International Inc is 6.11, ranking 63 out of 97 in the Oil & Gas Related Equipment and Services industry. The company's beta value is 0.74. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
