During the last session, Innoviz Technologies Ltd (NASDAQ:INVZ)’s traded shares were 1.5 million, with the beta value of the company hitting 0.99. At the end of the trading day, the stock’s price was $0.78, reflecting an intraday loss of -2.83% or -$0.02. The 52-week high for the INVZ share is $2.99, that puts it down -283.33 from that peak though still a striking 35.9% gain since the share price plummeted to a 52-week low of $0.50. The company’s market capitalization is $129.52M, and the average intraday trading volume over the past 10 days was 0.92 million shares, and the average trade volume was 1.49 million shares over the past three months.

Innoviz Technologies Ltd (INVZ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.80. INVZ has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.

Innoviz Technologies Ltd (NASDAQ:INVZ) trade information

Innoviz Technologies Ltd (INVZ) registered a -2.83% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.83% in intraday trading to $0.78, hitting a weekly high. The stock’s 5-day price performance is -5.41%, and it has moved by 37.21% in 30 days. Based on these gigs, the overall price performance for the year is -56.76%. The short interest in Innoviz Technologies Ltd (NASDAQ:INVZ) is 11.18 million shares and it means that shorts have 7.83 day(s) to cover.

The consensus price target of analysts on Wall Street is $3, which implies an increase of 74.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $13 respectively. As a result, INVZ is trading at a discount of -1566.67% off the target high and -28.21% off the low.

Innoviz Technologies Ltd (INVZ) estimates and forecasts

Statistics show that Innoviz Technologies Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Innoviz Technologies Ltd (INVZ) shares have gone down -41.20% during the last six months, with a year-to-date growth rate more than the industry average at 38.10% against 7.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 22.20% this quarter and then jump 22.20% in the quarter after that. In the rating firms’ projections, revenue will increase 34.10% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 4.46M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 9.78M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.48M and 14.92M respectively. In this case, analysts expect current quarter sales to grow by 28.10% and then drop by -34.40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 24.35%. While earnings are projected to return 34.05% in 2024.

INVZ Dividends

Innoviz Technologies Ltd is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

The next largest institutional holding, with 8.13 million shares, is of COWEN AND COMPANY, LLC’s that is approximately 4.9058% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.54 million.