Innoviz Technologies Ltd (NASDAQ:INVZ) has a beta value of 1.11 and has seen 16.37 million shares traded in the last trading session. The company, currently valued at $210.99M, closed the last trade at $1.17 per share which meant it gained $0.24 on the day or 25.81% during that session. The INVZ stock price is -155.56% off its 52-week high price of $2.99 and 61.54% above the 52-week low of $0.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.73 million shares traded. The 3-month trading volume is 2.12 million shares.
The consensus among analysts is that Innoviz Technologies Ltd (INVZ) is Buy stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.13.
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Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Sporting 25.81% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the INVZ stock price touched $1.17 or saw a rise of 2.5%. Year-to-date, Innoviz Technologies Ltd shares have moved -53.75%, while the 5-day performance has seen it change 68.35%. Over the past 30 days, the shares of Innoviz Technologies Ltd (NASDAQ:INVZ) have changed 134.00%. Short interest in the company has seen 11.39 million shares shorted with days to cover at 10.99.
Wall Street analysts have a consensus price target for the stock at $1, which means that the shares’ value could drop -17.0% from current levels. The projected low price target is $1.0 while the price target rests at a high of $1.0. In that case, then, we find that the current price level is 14.53% off the targeted high while a plunge would see the stock lose 14.53% from current levels.
Innoviz Technologies Ltd (INVZ) estimates and forecasts
Figures show that Innoviz Technologies Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 22.37% over the past 6 months, with this year growth rate of 44.05%, compared to 7.80% for the industry. Revenue growth from the last financial year stood is estimated to be 15.65%.
5 analysts offering their estimates for the company have set an average revenue estimate of 5.86M for the current quarter. 4 have an estimated revenue figure of 8.47M for the next ending quarter. Year-ago sales stood 14.92M and 7.06M respectively for this quarter and the next, and analysts expect sales will shrink by -60.72% for the current quarter and 15.65% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 24.35% over the past 5 years.
INVZ Dividends
Innoviz Technologies Ltd is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders
The top two institutional holders are CITIGROUP INC with over 8.79 million shares worth more than $8.15 million. As of 2024-06-30, CITIGROUP INC held 5.3058% of shares outstanding.
The other major institutional holder is COWEN AND COMPANY, LLC, with the holding of over 8.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.54 million and represent 4.9058% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Neuberger & Berman Intrinsic Value Fd and SPDR Portfolio Developed World ex-US ETF . As of Oct 31, 2024 , the former fund manager holds about 1.03% shares in the company for having 1.41 shares of worth $1.65 million while later fund manager owns 507.67 shares of worth $0.59 million as of Sep 30, 2024 , which makes it owner of about 0.37% of company’s outstanding stock.
