In the latest trading session, 0.63 million Innoviz Technologies Ltd (NASDAQ:INVZ) shares changed hands as the company’s beta touched 1.03. With the company’s most recent per share price at $0.57 changed hands at -$0.03 or -4.46% at last look, the market valuation stands at $95.71M. INVZ’s current price is a discount, trading about -424.56% off its 52-week high of $2.99. The share price had its 52-week low at $0.50, which suggests the last value was 12.28% up since then. When we look at Innoviz Technologies Ltd’s average trading volume, we note the 10-day average is 1.91 million shares, with the 3-month average coming to 1.22 million.
Analysts gave the Innoviz Technologies Ltd (INVZ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended INVZ as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Innoviz Technologies Ltd’s EPS for the current quarter is expected to be -0.14.
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Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Instantly INVZ was in red as seen in intraday trades today. With action -10.35%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -77.33%, with the 5-day performance at -10.35% in the red. However, in the 30-day time frame, Innoviz Technologies Ltd (NASDAQ:INVZ) is -25.71% down. Looking at the short shares, we see there were 11.11 million shares sold at short interest cover period of 11.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 81.0% from its recent market value. According to analyst projections, INVZ’s forecast low is 1 with 13 as the target high. To hit the forecast high, the stock’s price needs a -2180.7% plunge from its current level, while the stock would need to soar -75.44% for it to hit the projected low.
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 -54.83% over the past 6 months, a 38.10% in annual growth rate that is considerably higher than the industry average of 9.30%. Year-over-year growth is forecast to reach 34.10% 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 4.46M. 5 analysts are of the opinion that Innoviz Technologies Ltd’s revenue for the current quarter will be 9.78M. The company’s revenue for the corresponding quarters a year ago was 3.48M and 14.92M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 28.10%. The estimates for the next quarter sales put growth at -34.40%.
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 33.99%.
INVZ Dividends
Innoviz Technologies Ltd is expected to release its next quarterly earnings report on 2024-Nov-13.
Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders
COWEN AND COMPANY, LLC holds the second largest percentage of outstanding shares, with 4.9058% or 8.13 million shares worth $7.54 million as of 2024-06-30.
