In the last trading session, 4.05 million shares of the Innoviz Technologies Ltd (NASDAQ:INVZ) were traded, and its beta was 0.82. Most recently the company’s share price was $0.71, and it changed around $0.01 or 2.59% from the last close, which brings the market valuation of the company to $142.06M. INVZ currently trades at a discount to its 52-week high of $3.14, offering almost -342.25% off that amount. The share price’s 52-week low was $0.45, which indicates that the current value has risen by an impressive 36.62% since then. We note from Innoviz Technologies Ltd’s average daily trading volume that its 10-day average is 4.03 million shares, with the 3-month average coming to 11.99 million.
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 green trend with a performance of 2.59% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.7556 on recent trading dayincreased the stock’s daily price by 6.03%. The company’s shares are currently down -57.50% year-to-date, but still up 9.85% over the last five days. On the other hand, Innoviz Technologies Ltd (NASDAQ:INVZ) is -22.77% down in the 30-day period. We can see from the shorts that 24.39 million shares have been sold at a short interest cover period of 1.68 day(s).
The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 76.33% 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 on 2025-Feb-25.
Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.06% of Innoviz Technologies Ltd shares, and 31.50% of them are in the hands of institutional investors. The stock currently has a share float of 32.16%. Innoviz Technologies Ltd stock is held by 113.0 institutions, with CITIGROUP INC being the largest institutional investor. By 2024-06-30, it held 5.3058% of the shares, which is about 8.79 million shares worth $8.15 million.
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 Fund and SPDR(R) Portfolio Developed World ex-US ETF were the top two Mutual Funds as of Feb 28, 2025 . The former held 1.41 shares worth $1.0 million, making up 0.83% of all outstanding shares. On the other hand, SPDR(R) Portfolio Developed World ex-US ETF held roughly 798.76 shares worth around $0.57 million, which represents about 0.47% of the total shares outstanding.
