In the last trading session, 1.08 million shares of the Innoviz Technologies Ltd (NASDAQ:INVZ) were traded, and its beta was 1.02. Most recently the company’s share price was $0.54, and it changed around -$0.01 or -0.90% from the last close, which brings the market valuation of the company to $91.10M. INVZ currently trades at a discount to its 52-week high of $2.99, offering almost -453.7% off that amount. The share price’s 52-week low was $0.45, which indicates that the current value has risen by an impressive 16.67% since then. We note from Innoviz Technologies Ltd’s average daily trading volume that its 10-day average is 2.33 million shares, with the 3-month average coming to 1.38 million.
Innoviz Technologies Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 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 -0.12 for the current quarter.
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 (NASDAQ:INVZ) trade information
Instantly INVZ has showed a red trend with a performance of -0.90% 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 0.5900 on recent trading dayincreased the stock’s daily price by 8.47%. The company’s shares are currently down -78.65% year-to-date, but still down -6.23% over the last five days. On the other hand, Innoviz Technologies Ltd (NASDAQ:INVZ) is -30.22% down in the 30-day period. We can see from the shorts that 11.39 million shares have been sold at a short interest cover period of 10.99 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 82.0% 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 -53.03 percent over the past six months and at a 38.10% annual growth rate that is well above the industry average of 9.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 33.56% in revenue this quarter, and will report an increase of 35.18% in the next quarter. The year-over-year growth rate is expected to be 16.42%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 6M in revenue for the current quarter. 3 analysts expect Innoviz Technologies Ltd to make 9.3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 14.92M and 7.06M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -59.78%. Forecasts for the next quarter put sales growth at 31.78%.
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 December.
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.
