Innovex International, Stock Performance
| INVX Stock | 13.56 0.16 1.19% |
The company retains a Market Volatility (i.e., Beta) of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Innovex International,'s returns are expected to increase less than the market. However, during the bear market, the loss of holding Innovex International, is expected to be smaller as well. At this point, Innovex International, has a negative expected return of -0.09%. Please make sure to check out Innovex International,'s information ratio, skewness, as well as the relationship between the Skewness and day typical price , to decide if Innovex International, performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days Innovex International, has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly strong basic indicators, Innovex International, is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
Actual Historical Performance (%)
One Day Return 1.19 | Five Day Return 7.62 | Year To Date Return (8.44) | Ten Year Return (8.44) | All Time Return (8.44) |
Last Split Factor 2:1 | Last Split Date 2006-10-06 |
1 | Dril-Quip Inc Trading 3.32 percent Higher on Oct 2 | 10/02/2024 |
2 | Brandes Investment Partners, LP Exits Position in Dril-Quip Inc | 10/07/2024 |
3 | Dril-Quip Inc Shares Up 3.32 percent on Oct 17 | 10/17/2024 |
4 | Dril-Quip Inc Shares Up 3.32 percent on Oct 29 | 10/29/2024 |
5 | Vanguard Group Incs Strategic Acquisition of Dril-Quip Inc Shares | 11/05/2024 |
6 | Innovex International Inc Reports Q3 2024 Earnings EPS at 1.99, Revenue Hits 152 Million | 11/07/2024 |
7 | Acquisition by Fink Benjamin Matthew of 2022 shares of Innovex International, at 14.68 subject to Rule 16b-3 | 11/18/2024 |
8 | Innovex completes purchase of Downhole Well Solutions | 12/02/2024 |
9 | Is Innovex International Using Too Much Debt | 12/09/2024 |
10 | Acquisition by Kendal Reed of 3765 shares of Innovex International, at 13.28 subject to Rule 16b-3 | 12/13/2024 |
11 | Kendal Reed Buys 3,765 Shares of Innovex International, Inc. Stock | 12/19/2024 |
12 | Critical Contrast Innovex International vs. Its Peers | 12/23/2024 |
| Begin Period Cash Flow | 264.8 M |
Innovex |
Innovex International, Relative Risk vs. Return Landscape
If you would invest 1,468 in Innovex International, on September 29, 2024 and sell it today you would lose (112.00) from holding Innovex International, or give up 7.63% of portfolio value over 90 days. Innovex International, is currently does not generate positive expected returns and assumes 2.6836% risk (volatility on return distribution) over the 90 days horizon. In different words, 23% of stocks are less volatile than Innovex, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Innovex International, Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Innovex International,'s investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Innovex International,, and traders can use it to determine the average amount a Innovex International,'s price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0335
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | INVX |
Estimated Market Risk
| 2.68 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Innovex International, is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Innovex International, by adding Innovex International, to a well-diversified portfolio.
Innovex International, Fundamentals Growth
Innovex Stock prices reflect investors' perceptions of the future prospects and financial health of Innovex International,, and Innovex International, fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Innovex Stock performance.
| Return On Equity | 0.21 | ||||
| Return On Asset | 0.0562 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 872.64 M | ||||
| Shares Outstanding | 66.64 M | ||||
| Price To Book | 1.00 X | ||||
| Price To Sales | 1.68 X | ||||
| Revenue | 424.06 M | ||||
| EBITDA | 43.94 M | ||||
| Net Income | 604 K | ||||
| Cash And Equivalents | 918 K | ||||
| Cash Per Share | 0.05 X | ||||
| Total Debt | 2.31 M | ||||
| Current Ratio | 0.17 X | ||||
| Book Value Per Share | 13.47 X | ||||
| Cash Flow From Operations | 7.73 M | ||||
| Earnings Per Share | 1.05 X | ||||
| Market Capitalization | 1.09 B | ||||
| Total Asset | 1.03 B | ||||
| Retained Earnings | 950.72 M | ||||
| Working Capital | 197.37 M | ||||
| Current Asset | 10.14 M | ||||
| Current Liabilities | 59.39 M | ||||
About Innovex International, Performance
Evaluating Innovex International,'s performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Innovex International, has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Innovex International, has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 230.12 | 290.81 |
Things to note about Innovex International, performance evaluation
Checking the ongoing alerts about Innovex International, for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Innovex International, help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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 |
- Analyzing Innovex International,'s financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Innovex International,'s stock is overvalued or undervalued compared to its peers.
- Examining Innovex International,'s industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Innovex International,'s management team can have a significant impact on its success or failure. Reviewing the track record and experience of Innovex International,'s management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Innovex International,'s stock. These opinions can provide insight into Innovex International,'s potential for growth and whether the stock is currently undervalued or overvalued.
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.