In the last trading session, 1.89 million Innoviz Technologies Ltd (NASDAQ:INVZ) shares changed hands as the company’s beta touched 0.80. With the company’s per share price at $0.76 changed hands at -$0.04 or -4.22% during last session, the market valuation stood at $151.59M. INVZ’s last price was a discount, traded about -313.16% 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 40.79% up since then. When we look at Innoviz Technologies Ltd’s average trading volume, we note the 10-day average is 1.91 million shares, with the 3-month average coming to 7.24 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 was in red as seen at the end of in last trading. With action 22.89%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -54.65%, with the 5-day performance at 22.89% in the green. However, in the 30-day time frame, Innoviz Technologies Ltd (NASDAQ:INVZ) is 13.72% up. Looking at the short shares, we see there were 21.55 million shares sold at short interest cover period of 7.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 74.67% 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 -1610.53% plunge from its current level, while the stock would need to soar -31.58% for it to hit the projected low.
Innoviz Technologies Ltd (INVZ) estimates and forecasts
Year-over-year growth is forecast to reach 125.24% 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 9M. 4 analysts are of the opinion that Innoviz Technologies Ltd’s revenue for the current quarter will be 10.75M. 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 27.53%. The estimates for the next quarter sales put growth at 61.31%.
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.
INVZ Dividends
Innoviz Technologies Ltd is expected to release its next quarterly earnings report on 2025-Feb-25.
Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.11% 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 5.2782% 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 Feb 28, 2025 were NEUBERGER BERMAN EQUITY FUNDS-Neuberger Berman Intrinsic Value Fund and SPDR INDEX SHARES FUNDS-SPDR(R) Portfolio Developed World ex-US ETF . With 1.41 shares estimated at $1.07 million under it, the former controlled 0.71% of total outstanding shares. On the other hand, SPDR INDEX SHARES FUNDS-SPDR(R) Portfolio Developed World ex-US ETF held about 0.41% of the shares, roughly 817.98 shares worth around $0.62 million.
