In today’s recent session, 0.68 million shares of the Innoviz Technologies Ltd (NASDAQ:INVZ) have been traded, and its beta is 0.89. Most recently the company’s share price was $0.91, and it changed around $0.04 or 5.54% from the last close, which brings the market valuation of the company to $181.85M. INVZ at last check was trading at a discount to its 52-week high of $3.14, offering almost -245.05% off that amount. The share price’s 52-week low was $0.45, which indicates that the recent value has risen by an impressive 50.55% since then. We note from Innoviz Technologies Ltd’s average daily trading volume that its 10-day average is 5.55 million shares, with the 3-month average coming to 4.10 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 4 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 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 -0.09 for the current quarter.
Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Instantly INVZ has been showing a green trend so far today with a performance of 5.54% on intraday trading today. 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 9.9%. The company’s shares are currently down -45.60% year-to-date, but still down -8.60% over the last five days. On the other hand, Innoviz Technologies Ltd (NASDAQ:INVZ) is 14.90% up in the 30-day period. We can see from the shorts that 21.18 million shares have been sold at a short interest cover period of 9.34 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 69.67% 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 132.64%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 9M in revenue for the current quarter. 4 analysts expect Innoviz Technologies Ltd to make 12.75M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.66M and 4.52M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 35.05%. Forecasts for the next quarter put sales growth at 182.08%.
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 45.61% in 2025, but the outlook is positive 27.75% per year for the next five years.
INVZ Dividends
Innoviz Technologies Ltd’s next quarterly earnings report is expected to be released on 2025-May-13.
Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.29% of Innoviz Technologies Ltd shares, and 22.38% of them are in the hands of institutional investors. The stock currently has a share float of 22.90%. Innoviz Technologies Ltd stock is held by 108.0 institutions, with CITIGROUP INC being the largest institutional investor. By 2024-06-30, it held 5.2782% 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 EQUITY FUNDS-Neuberger Berman Intrinsic Value Fund and SPDR INDEX SHARES FUNDS-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 $1.29 million, making up 0.71% of all outstanding shares. On the other hand, SPDR INDEX SHARES FUNDS-SPDR(R) Portfolio Developed World ex-US ETF held roughly 840.56 shares worth around $0.77 million, which represents about 0.42% of the total shares outstanding.
