In the last trading session, 4.94 million Innoviz Technologies Ltd (NASDAQ:INVZ) shares changed hands as the company’s beta touched 0.70. With the company’s per share price at $1.55 changed hands at $0.05 or 3.33% during last session, the market valuation stood at $261.46M. INVZ’s last price was a discount, traded about -102.58% off its 52-week high of $3.14. The share price had its 52-week low at $0.45, which suggests the last value was 70.97% up since then. When we look at Innoviz Technologies Ltd’s average trading volume, we note the 10-day average is 6.82 million shares, with the 3-month average coming to 8.00 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 -0.13.
Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Instantly INVZ was in green as seen at the end of in last trading. With action -15.30%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.74%, with the 5-day performance at -15.30% in the red. However, in the 30-day time frame, Innoviz Technologies Ltd (NASDAQ:INVZ) is -15.76% down. Looking at the short shares, we see there were 11.39 million shares sold at short interest cover period of 10.99 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 48.33% from its current 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 -738.71% plunge from its current level, while the stock would need to tank 35.48% 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 94.07% over the past 6 months, a 44.05% in annual growth rate that is considerably higher than the industry average of 10.50%. Year-over-year growth is forecast to reach 15.65% 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 5.86M. 4 analysts are of the opinion that Innoviz Technologies Ltd’s revenue for the current quarter will be 10.22M. The company’s revenue for the corresponding quarters a year ago was 14.92M and 7.06M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -60.72%. The estimates for the next quarter sales put growth at 44.89%.
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 2025 estimates are for Innoviz Technologies Ltd earnings to increase by 33.85%, but the outlook for the next 5-year period is at 22.62% per year.
INVZ Dividends
Innoviz Technologies Ltd is expected to release its next quarterly earnings report in March.
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.
Among Mutual Funds, the top two as of Nov 30, 2024 were Neuberger & Berman Intrinsic Value Fd and SPDR Portfolio Developed World ex-US ETF . With 1.41 shares estimated at $2.18 million under it, the former controlled 1.03% of total outstanding shares. On the other hand, SPDR Portfolio Developed World ex-US ETF held about 0.38% of the shares, roughly 517.55 shares worth around $0.8 million.
