In the last trading session, 18.41 million Innoviz Technologies Ltd (NASDAQ:INVZ) shares changed hands as the company’s beta touched 0.72. With the company’s per share price at $0.85 changed hands at -$0.07 or -7.57% during last session, the market valuation stood at $169.34M. INVZ’s last price was a discount, traded about -269.41% 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 47.06% up since then.
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 red as seen at the end of in last trading. With action -6.58%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -49.14%, with the 5-day performance at -6.58% in the red. However, in the 30-day time frame, Innoviz Technologies Ltd (NASDAQ:INVZ) is -54.79% down.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 71.67% 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 -1429.41% plunge from its current level, while the stock would need to soar -17.65% for it to hit the projected low.
Innoviz Technologies Ltd (INVZ) estimates and forecasts
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 22.89% per year.
Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders
COWEN AND COMPANY, LLC holds the second largest percentage of outstanding shares, with 4.8804% 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 $1.2 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 $0.44 million.
