Innovex International (NYSE:INVX) Posts Quarterly Earnings Results

Innovex International (NYSE:INVX) posted its quarterly earnings results on Tuesday. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21, Zacks reports. 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 Stock Down 2.7 %

Innovex International stock opened at $16.13 on Wednesday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 11.44 and a beta of 0.89. Innovex International has a 52 week low of $12.54 and a 52 week high of $25.19. The stock has a 50-day simple moving average of $15.63. The company has a quick ratio of 2.17, a current ratio of 3.87 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at Innovex International

In related news, CFO Kendal Reed bought 3,765 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $13.28 per share, for a total transaction of $49,999.20. Following the acquisition, the chief financial officer now owns 186,232 shares in the company, valued at $2,473,160.96. This represents a 2.06 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Pickering Energy Partners upgraded shares of Innovex International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays lowered their price target on Innovex International from $21.00 to $15.00 and set an “underweight” rating on the stock in a report on Tuesday, November 26th.

About Innovex International

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.