Is Innoviz Technologies Ltd (NASDAQ:INVZ), -234.04% Away From High, Poised For A Strong Comeback?

In recent trading session, Innoviz Technologies Ltd (NASDAQ:INVZ) saw 1.26 million shares changing hands at last check today with its beta currently measuring 0.72. Company’s recent per share price level of $0.94 trading at $0.02 or 1.16% at last check today assigns it a market valuation of $185.34M. That most recent trading price of INVZ’s stock is at a discount of -234.04% from its 52-week high price of $3.14 and is indicating a premium of 52.13% from its 52-week low price of $0.45.

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. The company is expected to be making an EPS of -0.13 in the current quarter.

Innoviz Technologies Ltd (NASDAQ:INVZ) trade information

Upright in the green today for gaining 1.16%, in the last five days INVZ remained trading in the green while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $0.94 price level, adding 12.15% to its value on the day. Innoviz Technologies Ltd’s shares saw a change of -44.33% in year-to-date performance and have moved 2.24% in past 5-day. Innoviz Technologies Ltd (NASDAQ:INVZ) showed a performance of -50.52% in past 30-days.

Wall Street analysts have assigned a consensus price target of 3 to the stock, which implies a rise of 68.67% to its recent value today. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 13. It follows that stock’s current price would drop -6.38% in reaching the projected high whereas dropping to the targeted low would mean a loss of -6.38% for stock’s current value.

Innoviz Technologies Ltd (INVZ) estimates and forecasts

This year revenue growth is estimated to rise 15.65% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.86M for the same. And 4 analysts are in estimates of company making revenue of 10.22M in the next quarter. Company posted 14.92M and 7.06M of sales in current and next quarters respectively a year earlier.

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. In 2025, company’s earnings growth rate is likely to be around 33.85% while estimates for its earnings growth in next 5 years are of 22.89%.

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 4.8804 of outstanding shares, having a total worth of $7.54 million.

On the other hand, Neuberger & Berman Intrinsic Value Fd and SPDR Portfolio Developed World ex-US ETF are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024, the former fund manager was holding 1.41 shares of worth $1.3 million or 1.03% of the total outstanding shares. The later fund manager was in possession of 517.55 shares on Nov 30, 2024, making its stake of worth around $0.48 million in the company or a holder of 0.38% of company’s stock.