In last trading session, Innoviz Technologies Ltd (NASDAQ:INVZ) saw 18.85 million shares changing hands with its beta currently measuring 0.70. Company’s recent per share price level of $1.88 trading at -$0.32 or -14.55% at ring of the bell on the day assigns it a market valuation of $317.12M. That closing price of INVZ’s stock is at a discount of -67.02% from its 52-week high price of $3.14 and is indicating a premium of 76.06% from its 52-week low price of $0.45. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 19.66 million shares which gives us an average trading volume of 5.95 million if we extend that period to 3-months.
For Innoviz Technologies Ltd (INVZ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Upright in the red during last session for losing -14.55%, in the last five days INVZ remained trading in the green while hitting it’s week-highest on Tuesday, 01/07/25 when the stock touched $1.88 price level, adding 40.13% to its value on the day. Innoviz Technologies Ltd’s shares saw a change of 11.90% in year-to-date performance and have moved 11.90% in past 5-day. Innoviz Technologies Ltd (NASDAQ:INVZ) showed a performance of 174.69% in past 30-days. Number of shares sold short was 11.39 million shares which calculate 10.99 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1 to the stock, which implies a fall of -88.0% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 1. It follows that stock’s current price would jump 46.81% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.81% for stock’s current value.
Innoviz Technologies Ltd (INVZ) estimates and forecasts
Statistics highlight that Innoviz Technologies Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 96.86% of value to its shares in past 6 months, showing an annual growth rate of 44.05% while that of industry is 8.40. Apart from that, the company came raising its revenue forecast for fiscal year 2025.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 24.35% during past 5 years.
Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders
CITIGROUP INC is the top institutional holder at INVZ for having 8.79 million shares of worth $8.15 million. And as of 2024-06-30, it was holding 5.3058 of the company’s outstanding shares.
The second largest institutional holder is COWEN AND COMPANY, LLC, which was holding about 8.13 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.9058 of outstanding shares, having a total worth of $7.54 million.
