Innoviz Technologies Ltd (NASDAQ:INVZ) has a beta value of -62.54% and has seen 3.84 shares traded in the last trading session. The company, currently valued at $264.62M, closed the last trade at $1.32 per share which meant it lost -$1.19 on the day or 1.33% during that session. The INVZ stock price is -137.88% off its 52-week high price of $3.14 and 65.91% above the 52-week low of $0.45. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.97 million shares traded. The 3-month trading volume is 7.22 shares.
The consensus among analysts is that Innoviz Technologies Ltd (INVZ) is Buy stock at the moment, with a recommendation rating of 78.56. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.09.
Innoviz Technologies Ltd (NASDAQ:INVZ) trade information
Sporting 1.33% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the INVZ stock price touched $1.32 or saw a rise of 16.46%. Year-to-date, Innoviz Technologies Ltd shares have moved 39.11%, while the 5-day performance has seen it change 38.40%. Over the past 30 days, the shares of Innoviz Technologies Ltd (NASDAQ:INVZ) have changed 36.76%. Short interest in the company has seen 23.16 million shares shorted with days to cover at 6.21.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 56.0% from current levels. The projected low price target is $1.0 while the price target rests at a high of $13.0. In that case, then, we find that the current price level is -884.85% off the targeted high while a plunge would see the stock lose 24.24% from current levels.
Innoviz Technologies Ltd (INVZ) estimates and forecasts
The company’s shares have gained 13.68% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 132.64%.
4 analysts offering their estimates for the company have set an average revenue estimate of 9M for the current quarter. 4 have an estimated revenue figure of 12.75M for the next ending quarter. Year-ago sales stood 6.66M and 4.52M respectively for this quarter and the next, and analysts expect sales will grow by 35.05% for the current quarter and 132.64% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 27.59% -463.21% over the past 5 years. Earnings growth for 2025 is a modest 45.61% while over the next 5 years, the company’s earnings are expected to increase by 27.75%.
INVZ Dividends
Innoviz Technologies Ltd is expected to release its next earnings report on 2025-May-14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Innoviz Technologies Ltd (NASDAQ:INVZ)’s Major holders
Insiders own 2.29% of the company shares, while shares held by institutions stand at 22.41% with a share float percentage of 22.94%. Investors are also buoyed by the number of investors in a company, with Innoviz Technologies Ltd having a total of 108.0 institutions that hold shares in the company. The top two institutional holders are CITIGROUP INC with over 8.79 million shares worth more than $8.15 million. As of 2024-06-30, CITIGROUP INC held 5.2782% of shares outstanding.
The other major institutional holder is COWEN AND COMPANY, LLC, with the holding of over 8.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.54 million and represent 4.8804% of shares outstanding.
