Innovex International (NYSE:INVX) Shares Up 2.7% - What's Next?

On Wednesday, Innovex International, Inc. (NYSE:INVX) saw its stock price increase by 2.7%. During trading, shares peaked at $13.99 before settling at $13.56, which was significantly higher than the previous closing price of $13.20. The trading volume was approximately 515,425 shares, marking a 66% rise compared to the average daily volume of 309,713 shares.

Getting Alerts on Innovex International

Analysts Adjust Price Targets

In recent news, Barclays has revised its price target for Innovex International, lowering it from $21.00 to $15.00 and rating the stock as "underweight" in a research report released on November 26th.

Latest Analysis on Innovex International

Stock Performance Overview

The current market capitalization of Innovex International stands at approximately $895.03 million. The company holds a price-to-earnings (PE) ratio of 9.44 and a beta of 0.88. Additionally, Innovex displays a debt-to-equity ratio of just 0.01, alongside a quick ratio of 2.17 and a current ratio of 3.87, reflecting a strong balance sheet.

Insider Transactions

In a notable insider transaction, CFO Kendal Reed acquired 3,765 shares of Innovex International on December 13th at an average price of $13.28 per share, totaling $49,999.20. Following this purchase, Reed's ownership in the company increased to 186,232 shares, valued at about $2,473,160.96. This transaction signifies a 2.06% increase in Reed's position, and it has been duly disclosed to the Securities and Exchange Commission. As of now, corporate insiders hold around 3.10% of the company’s stock.

About Innovex International

Innovex Downhole Solutions Inc is focused on designing, manufacturing, and installing essential drilling and deployment solutions, as well as well construction, completion, production, fishing, and intervention solutions. These services cater to both onshore and offshore activities in the upstream sector. The company, previously known as Dril-Quip, is based in Houston.

Further Insights

• Five stocks preferred over Innovex International
• Beginner's Guide to Reading Stock Charts
• Prospects for Novo Nordisk's GLP-1 Sales
• The Importance of Ex-Dividend Dates for Investors
• Why Investing in Oil Stocks is Timely
• Identifying Blue Chip Companies
• Top Upgraded Stocks for Q4 2025

This article was produced using advanced technology and is based on financial data to deliver quick and accurate updates. Feedback and inquiries can be sent via email.

Should You Invest in Innovex International Now?

If you're considering an investment in Innovex International, it's vital to pay attention to recent market assessments.

MarketBeat monitors top-rated research analysts and their stock recommendations. Present findings indicate that Innovex International currently holds a "Sell" rating, while analysts suggest five alternate stocks that may offer better investment opportunities.

For those interested in exploring these alternatives, additional information is available.

Stock, Performance, Investing