During the last session, Innoviz Technologies Ltd (NASDAQ:INVZ)’s traded shares were 9.83 million, with the beta value of the company hitting 0.74. At the end of the trading day, the stock’s price was $1.89, reflecting an intraday gain of 0.53% or $0.01. The 52-week high for the INVZ share is $3.14, that puts it down -66.14 from that peak though still a striking 76.19% gain since the share price plummeted to a 52-week low of $0.45. The company’s market capitalization is $318.81M, and the average intraday trading volume over the past 10 days was 18.49 million shares, and the average trade volume was 7.44 million shares over the past three months.
Innoviz Technologies Ltd (INVZ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.80. INVZ has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.13.
Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Innoviz Technologies Ltd (INVZ) registered a 0.53% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.53% in intraday trading to $1.89, hitting a weekly high. The stock’s 5-day price performance is 32.17%, and it has moved by 64.35% in 30 days. Based on these gigs, the overall price performance for the year is 6.78%. The short interest in Innoviz Technologies Ltd (NASDAQ:INVZ) is 11.39 million shares and it means that shorts have 10.99 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 37.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $13 respectively. As a result, INVZ is trading at a discount of -587.83% off the target high and 47.09% off the low.
Innoviz Technologies Ltd (INVZ) estimates and forecasts
Statistics show that Innoviz Technologies Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Innoviz Technologies Ltd (INVZ) shares have gone up 130.80% during the last six months, with a year-to-date growth rate more than the industry average at 44.05% against 9.00. In the rating firms’ projections, revenue will increase 15.65% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 5.86M as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 10.22M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 14.92M and 7.06M respectively. In this case, analysts expect current quarter sales to shrink by -60.72% and then jump by 44.89% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 24.35%. While earnings are projected to return 33.85% in 2025.
INVZ Dividends
Innoviz Technologies Ltd is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 8.13 million shares, is of COWEN AND COMPANY, LLC’s that is approximately 4.9058% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.54 million.
Also, the Mutual Funds coming in first place with the largest holdings of Innoviz Technologies Ltd (INVZ) shares are Neuberger & Berman Intrinsic Value Fd and SPDR Portfolio Developed World ex-US ETF . Data provided on Nov 30, 2024 indicates that Neuberger & Berman Intrinsic Value Fd owns about 1.41 shares. This amounts to just over 1.03 percent of the company’s overall shares, with a $2.66 million market value. The same data shows that the other fund manager holds slightly less at 507.67, or about 0.37% of the stock, which is worth about $0.96 million.
