Innoviz Technologies Ltd (NASDAQ: INVZ): Why Investors Shouldn’t Ditch INVZ Stock In 2024

In the latest trading session,, 0.43 million Innoviz Technologies Ltd (NASDAQ:INVZ) shares changed hands as the company’s beta touched 0.99. With the company’s most recent per share price at $0.92 changed hands at -$0.04 or -3.54% at last look, the market valuation stands at $152.95M. INVZ’s current price is a discount, trading about -377.17% off its 52-week high of $4.39. The share price had its 52-week low at $0.94, which suggests the last value was -2.17% down since then. When we look at Innoviz Technologies Ltd’s average trading volume, we note the 3-month average coming to 1.79 million.

Innoviz Technologies Ltd (NASDAQ:INVZ) trade information

Instantly INVZ was in red as seen in intraday trades today. With action -8.68%, the performance over the past five days has been red. The drop to weekly highs of 1.0600 subtracted -3.54% to the stock’s daily price. The company’s shares are showing year-to-date downside of -63.55%, with the 5-day performance at -8.68% in the red. However, in the 30-day time frame, Innoviz Technologies Ltd (NASDAQ:INVZ) is -24.40% down.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Innoviz Technologies Ltd (INVZ) estimates and forecasts

Data shows that the Innoviz Technologies Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -65.33% over the past 6 months, a 28.57% in annual growth rate that is considerably higher than the industry average of 11.70%. Year-over-year growth is forecast to reach 55.40% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 4.6M. 5 analysts are of the opinion that Innoviz Technologies Ltd’s revenue for the current quarter will be 7.6M. The company’s revenue for the corresponding quarters a year ago was 1.06M and 3.48M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 334.00%. The estimates for the next quarter sales put growth at 118.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 24.35%. The 2024 estimates are for Innoviz Technologies Ltd earnings to increase by 22.86%.