Innoviz Technologies Ltd (INVZ) concluded trading on 11/22/23 at a closing price of $1.92, with 4.05 million shares of worth about $7.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.41% during that period and on Wednesday the price remained unchanged. Currently the company’s common shares owned by public are about 163.14M shares, out of which, 155.91M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the INVZ stock and their offered price forecasts bring an average price target of $8.17. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.00 and could fall to a lowest price of $3.00. The stock’s current price level is 76.5% above of average price target set by the analysts, while a rise to estimated low would result in gain of 36.0% for the stock. However, touching the estimated high of $13.00 would mean a gain of 85.23% for the stock.
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Innoviz Technologies Ltd (NASDAQ: INVZ) started trading at $2.00, above $0.08 from concluding price of the previous day. Stock saw a price change of -7.25% in past 5 days and over the past one month there was a price change of 33.33%. Year-to-date (YTD), INVZ shares are showing a performance of -51.15% which decreased to -61.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.30 but also hit the highest price of $6.14 during that period. The average intraday trading volume for Innoviz Technologies Ltd shares is 2.39 million. The stock is currently trading 11.01% above its 20-day simple moving average (SMA20), while that difference is up 8.32% for SMA50 and it goes to -31.20% lower than SMA200.
Innoviz Technologies Ltd (NASDAQ: INVZ) currently have 163.14M outstanding shares and institutions hold larger chunk of about 52.86% of that.
The stock has a current market capitalization of $313.23M and its 3Y-monthly beta is at 1.03. It has posted earnings per share of -$0.92 in the same period. It has Quick Ratio of 5.35 while making debt-to-equity ratio of 0.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INVZ, volatility over the week remained 11.20% while standing at 9.92% over the month.
Analysts are in expectations that Innoviz Technologies Ltd (INVZ) stock would likely to be making an EPS of -$0.18 in the current quarter, while forecast for next quarter EPS is -$0.18 and it is -$0.77 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.26 which is -$0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.25 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 12.88% while it is estimated to increase by 3.64% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Innoviz Technologies Ltd (INVZ)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.33. Out of those 6 Wall Street analysts, 5 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Rosenblatt on October 25, 2022 offering a Neutral rating for the stock and assigned a target price of $5 to it.
