Analyzing Innoviz Technologies Ltd (NASDAQ: INVZ)’s Stock Performance and Future Prospects

In the last trading session, 2.93 million Innoviz Technologies Ltd (NASDAQ:INVZ) shares changed hands as the company’s beta touched 1.02. With the company’s per share price at $0.97 changed hands at -$0.03 or -2.75% during last session, the market valuation stood at $193.49M. INVZ’s last price was a discount, traded about -223.71% 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 53.61% up since then.

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 (NASDAQ:INVZ) trade information

Instantly INVZ was in red as seen at the end of in last trading. With action -3.71%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -42.11%, with the 5-day performance at -3.71% in the red. However, in the 30-day time frame, Innoviz Technologies Ltd (NASDAQ:INVZ) is 56.85% up.

The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 67.67% 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 -1240.21% plunge from its current level, while the stock would need to soar -3.09% for it to hit the projected low.

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 45.61%, but the outlook for the next 5-year period is at 27.75% per year.

INVZ Dividends

Innoviz Technologies Ltd is expected to release its next quarterly earnings report in June.

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.