In the last trading session, 4.96 million shares of the Innoviz Technologies Ltd (NASDAQ:INVZ) were traded, and its beta was 0.83. Most recently the company’s share price was $0.69, and it changed around -$0.05 or -6.10% from the last close, which brings the market valuation of the company to $137.53M. INVZ currently trades at a discount to its 52-week high of $3.14, offering almost -355.07% off that amount. The share price’s 52-week low was $0.45, which indicates that the current value has risen by an impressive 34.78% since then.
Innoviz Technologies Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended INVZ as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Innoviz Technologies Ltd is expected to report earnings per share of -0.1 for the current quarter.
Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Instantly INVZ has showed a red trend with a performance of -6.10% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.0100 on recent trading dayincreased the stock’s daily price by 31.68%. The company’s shares are currently down -58.69% year-to-date, but still down -12.14% over the last five days. On the other hand, Innoviz Technologies Ltd (NASDAQ:INVZ) is -53.73% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 77.0% from its current value. Analyst projections state that INVZ is forecast to be at a low of $1 and a high of $13.
Innoviz Technologies Ltd (INVZ) estimates and forecasts
The year-over-year growth rate is expected to be 130.39%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 9.33M in revenue for the current quarter. 4 analysts expect Innoviz Technologies Ltd to make 11M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.06M and 6.66M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 32.26%. Forecasts for the next quarter put sales growth at 65.07%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -463.21%. Innoviz Technologies Ltd earnings are expected to increase by 35.96% in 2025, but the outlook is positive 25.57% per year for the next five years.
INVZ Dividends
Innoviz Technologies Ltd’s next quarterly earnings report is expected to be released in April.
COWEN AND COMPANY, LLC, with 4.8804% or 8.13 million shares worth $7.54 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Neuberger & Berman Intrinsic Value Fd and SPDR Portfolio Developed World ex-US ETF were the top two Mutual Funds as of Nov 30, 2024 . The former held 1.41 shares worth $0.98 million, making up 1.03% of all outstanding shares. On the other hand, SPDR Portfolio Developed World ex-US ETF held roughly 517.55 shares worth around $0.36 million, which represents about 0.38% of the total shares outstanding.
