Innovex International, Stock Buy Hold or Sell Recommendation
| INVX Stock | 13.56 0.16 1.19% |
Given the investment horizon of 90 days and complete risk avoidance on your part, our recommendation regarding Innovex International, is 'Strong Sell'. A buy or sell recommendation is an automated directive regarding whether to purchase or sell Innovex International, given historical horizon and risk tolerance. When we issue a 'buy' or 'sell' recommendation for Innovex International,, the advice is generated through an automated system that utilizes algorithms and statistical models.
Check out Innovex International, Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Innovex Stock please use our How to Invest in Innovex International, guide. In addition, we conduct extensive research on individual companies such as Innovex and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Innovex International,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
Innovex |
Execute Innovex International, Buy or Sell Advice
The Innovex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Innovex International,. Macroaxis does not own or have any residual interests in Innovex International, or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Innovex International,'s advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Innovex International, Trading Alerts and Improvement Suggestions
| Innovex International, generated a negative expected return over the last 90 days | |
| Innovex International, was previously known as Dril Quip and was traded on New York Stock Exchange under the symbol DRQ. | |
| Innovex International, currently holds 2.31 M in liabilities. Innovex International, has a current ratio of 0.17, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Innovex International,'s use of debt, we should always consider it together with its cash and equity. | |
| Innovex International, has a strong financial position based on the latest SEC filings | |
| Over 89.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: Critical Contrast Innovex International vs. Its Peers |
Innovex International, Returns Distribution Density
The distribution of Innovex International,'s historical returns is an attempt to chart the uncertainty of Innovex International,'s future price movements. The chart of the probability distribution of Innovex International, daily returns describes the distribution of returns around its average expected value. We use Innovex International, price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Innovex International, returns is essential to provide solid investment advice for Innovex International,.
| Mean Return | -0.14 | Value At Risk | -4.31 | Potential Upside | 2.95 | Standard Deviation | 2.65 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Innovex International, historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Innovex International, Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (14.1M) | (28.3M) | (14.0M) | (44.2M) | (28.6M) | (30.1M) | |
| Change In Cash | (19.2M) | (53.0M) | (14.2M) | (1.3M) | (73.4M) | (69.7M) | |
| Free Cash Flow | 3.2M | (33.0M) | (8.5M) | (15.4M) | (24.9M) | (23.7M) | |
| Change In Working Capital | (34.0M) | (83.1M) | (32.4M) | (79.6M) | (23.8M) | (25.0M) | |
| Begin Period Cash Flow | 418.1M | 398.9M | 23.9M | 9.7M | 264.8M | 251.6M | |
| Depreciation | 34.0M | 32.4M | 17.7M | 18.5M | 30.5M | 27.1M | |
| Other Non Cash Items | 12.4M | 55.4M | 2.1M | (2.1M) | 3.3M | 3.2M | |
| Capital Expenditures | 11.5M | 11.9M | 6.4M | 9.6M | 32.6M | 25.3M | |
| Total Cash From Operating Activities | 14.7M | (21.1M) | (2.0M) | (5.8M) | 7.7M | 7.3M | |
| Change To Account Receivables | (46.2M) | (9.3M) | (27.1M) | (37.6M) | (29.1M) | (30.5M) | |
| Net Income | 1.7M | (30.8M) | 9.9M | 63.3M | 604K | 573.8K | |
| Total Cash From Financing Activities | (24.6M) | (25.2M) | 10.1M | 42.3M | (124K) | (130.2K) | |
| End Period Cash Flow | 398.9M | 346.0M | 9.7M | 8.4M | 191.4M | 265.3M | |
| Sale Purchase Of Stock | (26.6M) | (25M) | (331K) | (1.3M) | (1.5M) | (1.6M) |
Innovex International, Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Innovex International, or Energy Equipment & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Innovex International,'s price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Innovex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 0.37 | |
σ | Overall volatility | 2.66 | |
Ir | Information ratio | -0.07 |
Innovex International, Volatility Alert
Innovex International, exhibits very low volatility with skewness of -0.51 and kurtosis of 1.36. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Innovex International,'s stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Innovex International,'s stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Innovex International, Fundamentals Vs Peers
Comparing Innovex International,'s fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Innovex International,'s direct or indirect competition across all of the common fundamentals between Innovex International, and the related equities. This way, we can detect undervalued stocks with similar characteristics as Innovex International, or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Innovex International,'s fundamental indicators could also be used in its relative valuation, which is a method of valuing Innovex International, by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Innovex International, to competition |
| Fundamentals | Innovex International, | Peer Average |
| Return On Equity | 0.21 | -0.31 |
| Return On Asset | 0.0562 | -0.14 |
| Profit Margin | 0.23 % | (1.27) % |
| Operating Margin | 0.05 % | (5.51) % |
| Current Valuation | 883.4 M | 16.62 B |
| Shares Outstanding | 66.64 M | 571.82 M |
| Shares Owned By Insiders | 2.16 % | 10.09 % |
| Shares Owned By Institutions | 89.47 % | 39.21 % |
| Number Of Shares Shorted | 1.49 M | 4.71 M |
| Price To Book | 1.01 X | 9.51 X |
| Price To Sales | 1.68 X | 11.42 X |
| Revenue | 424.06 M | 9.43 B |
| EBITDA | 43.94 M | 3.9 B |
| Net Income | 604 K | 570.98 M |
| Cash And Equivalents | 918 K | 2.7 B |
| Cash Per Share | 0.05 X | 5.01 X |
| Total Debt | 2.31 M | 5.32 B |
| Current Ratio | 0.17 X | 2.16 X |
| Book Value Per Share | 13.47 X | 1.93 K |
| Cash Flow From Operations | 7.73 M | 971.22 M |
| Short Ratio | 4.15 X | 4.00 X |
| Earnings Per Share | 1.05 X | 3.12 X |
| Target Price | 28.33 | |
| Beta | 0.84 | -0.15 |
| Market Capitalization | 1.09 B | 19.03 B |
| Total Asset | 1.03 B | 29.47 B |
| Retained Earnings | 950.72 M | 9.33 B |
| Working Capital | 197.37 M | 1.48 B |
| Current Asset | 10.14 M | 9.34 B |
| Current Liabilities | 59.39 M | 7.9 B |
| Net Asset | 1.03 B |
Note: Acquisition by Kendal Reed of 3765 shares of Innovex International, at 13.28 subject to Rule 16b-3 [view details]
Innovex International, Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Innovex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Innovex International, Buy or Sell Advice
When is the right time to buy or sell Innovex International,? Buying financial instruments such as Innovex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Innovex International, in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Real Estate Theme or any other thematic opportunities.
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Additional Tools for Innovex Stock Analysis
When running Innovex International,'s price analysis, check to measure Innovex International,'s market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Innovex International, is operating at the current time. Most of Innovex International,'s value examination focuses on studying past and present price action to predict the probability of Innovex International,'s future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Innovex International,'s price. Additionally, you may evaluate how the addition of Innovex International, to your portfolios can decrease your overall portfolio volatility.