In the latest trading session, 1.02 million Innoviz Technologies Ltd (NASDAQ:INVZ) shares changed hands as the company’s beta touched 0.85. With the company’s most recent per share price at $0.69 changing hands around $0.04 or 5.98% at last look, the market valuation stands at $137.07M. INVZ’s current price is a discount, trading about -355.07% 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 34.78% up since then. When we look at Innoviz Technologies Ltd’s average trading volume, we note the 10-day average is 3.74 million shares, with the 3-month average coming to 12.40 million.

Analysts gave the Innoviz Technologies Ltd (INVZ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. 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 -0.1.

Innoviz Technologies Ltd (NASDAQ:INVZ) trade information

Instantly INVZ is in green as seen in intraday trades today. With action 3.10%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -58.99%, with the 5-day performance at 3.10% in the green. However, in the 30-day time frame, Innoviz Technologies Ltd (NASDAQ:INVZ) is -24.69% down. Looking at the short shares, we see there were 24.39 million shares sold at short interest cover period of 1.68 days.

The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 77.0% from its recent 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 -1784.06% plunge from its current level, while the stock would need to soar -44.93% for it to hit the projected low.

Innoviz Technologies Ltd (INVZ) estimates and forecasts

Year-over-year growth is forecast to reach 130.39% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 9.33M. 4 analysts are of the opinion that Innoviz Technologies Ltd’s revenue for the current quarter will be 11M. The company’s revenue for the corresponding quarters a year ago was 7.06M and 6.66M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 32.26%. The estimates for the next quarter sales put growth at 65.07%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -463.21%. The 2025 estimates are for Innoviz Technologies Ltd earnings to increase by 35.96%, but the outlook for the next 5-year period is at 25.57% per year.

Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 2.06% of Innoviz Technologies Ltd shares while 31.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 32.21%. There are 31.54% institutions holding the Innoviz Technologies Ltd stock share, with CITIGROUP INC the top institutional holder. As of 2024-06-30, the company held 5.3058% of the shares, roughly 8.79 million INVZ shares worth $8.15 million.

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 Jan 31, 2025 were Neuberger & Berman Intrinsic Value Fd and SPDR Portfolio Developed World ex-US ETF. With 1.41 shares estimated at $0.95 million under it, the former controlled 0.83% of total outstanding shares. On the other hand, SPDR Portfolio Developed World ex-US ETF held about 0.31% of the shares, roughly 517.55 shares worth around $0.35 million.