In the last trading session, 1.31 million shares of the Innoviz Technologies Ltd (NASDAQ:INVZ) were traded, and its beta was 0.99. Most recently the company’s share price was $0.69, and it changed around -$0.06 or -7.70% from the last close, which brings the market valuation of the company to $115.13M. INVZ currently trades at a discount to its 52-week high of $2.99, offering almost -333.33% off that amount. The share price’s 52-week low was $0.50, which indicates that the current value has risen by an impressive 27.54% since then. We note from Innoviz Technologies Ltd’s average daily trading volume that its 10-day average is 0.87 million shares, with the 3-month average coming to 1.13 million.
Innoviz Technologies Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.80. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended INVZ as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Innoviz Technologies Ltd is expected to report earnings per share of -0.14 for the current quarter.
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Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Instantly INVZ has showed a red trend with a performance of -7.70% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.7900 on recent trading dayincreased the stock’s daily price by 12.66%. The company’s shares are currently down -72.73% year-to-date, but still down -10.46% over the last five days. On the other hand, Innoviz Technologies Ltd (NASDAQ:INVZ) is -11.54% down in the 30-day period. We can see from the shorts that 11.11 million shares have been sold at a short interest cover period of 11.74 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 77.0% from its current value. Analyst projections state that INVZ is forecast to be at a low of $1 and a high of $13.
Innoviz Technologies Ltd (INVZ) estimates and forecasts
Innoviz Technologies Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -41.53 percent over the past six months and at a 38.10% annual growth rate that is well above the industry average of 6.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 22.20% in revenue this quarter, and will report an increase of 22.20% in the next quarter. The year-over-year growth rate is expected to be 34.10%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 4.46M in revenue for the current quarter. 5 analysts expect Innoviz Technologies Ltd to make 9.78M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.48M and 14.92M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 28.10%. Forecasts for the next quarter put sales growth at -34.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 24.35%.
INVZ Dividends
Innoviz Technologies Ltd’s next quarterly earnings report is expected to be released in November.
COWEN AND COMPANY, LLC, with 4.9058% or 8.13 million shares worth $7.54 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
