Innoviz Technologies Ltd (NASDAQ: INVZ): Analyst View Points To Future Growth

Innoviz Technologies Ltd (INVZ) concluded trading on Wednesday at a closing price of $0.51, with 4.86 million shares of worth about $2.48 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -57.79% during that period and on November 13, 2024 the price saw a loss of about -10.59%. Currently the company’s common shares owned by public are about 166.86M shares, out of which, 166.86M shares are available for trading.

Stock saw a price change of -19.87% in past 5 days and over the past one month there was a price change of -30.93%. Year-to-date (YTD), INVZ shares are showing a performance of -79.64% which decreased to -73.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.50 but also hit the highest price of $2.99 during that period. The average intraday trading volume for Innoviz Technologies Ltd shares is 1.24 million. The stock is currently trading -23.66% below its 20-day simple moving average (SMA20), while that difference is down -27.62% for SMA50 and it goes to -49.70% lower than SMA200.

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Innoviz Technologies Ltd (NASDAQ: INVZ) currently have 166.86M outstanding shares and institutions hold larger chunk of about 28.84% of that.

The stock has a current market capitalization of $86.87M and its 3Y-monthly beta is at 1.02. It has posted earnings per share of -$0.67 in the same period. It has Quick Ratio of 4.03 while making debt-to-equity ratio of 0.27. 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 12.19% while standing at 9.44% over the month.

Stock’s fiscal year EPS is expected to rise by 33.99% while it is estimated to increase by 6.59% in next year.

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 Goldman on July 11, 2024 offering a Neutral rating for the stock and assigned a target price range of between $2.25 and $1 to it. Coverage by Rosenblatt stated Innoviz Technologies Ltd (INVZ) stock as a Neutral in their note to investors on October 25, 2022, suggesting a price target of $5 for the stock. On September 28, 2022, Berenberg Resumed their recommendations, while on September 20, 2022, JP Morgan Initiated their ratings for the stock with a price target of $22. Stock get a Buy rating from Goldman on November 17, 2021.

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