Innoviz Technologies Ltd (NASDAQ:INVZ) price on Thursday, March 20, fall -0.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.70.
A look at the stock’s price movement, the close in the last trading session was $0.70, moving within a range at $0.684 and $0.7099. The beta value (5-Year monthly) was 0.825. Turning to its 52-week performance, $3.14 and $0.45 were the 52-week high and 52-week low respectively. Overall, INVZ moved -29.40% over the past month.
Innoviz Technologies Ltd’s market cap currently stands at around $138.48 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 9.33M for the company’s revenue for the quarter, with a low and high estimate of 9M and 10M respectively. The average forecast suggests up to a 32.26% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 55.91M, representing a 130.39% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INVZ is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend INVZ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
INVZ’s current price about -3.08% and -41.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.72, while 7-day volatility ratio is 7.00% and 11.54% in the 30-day chart. Further, Innoviz Technologies Ltd (INVZ) has a beta value of 0.82, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $3, forecast between a low of $1 and high of $13. Looking at the price targets, the low is -42.86% off current price level while to achieve the yearly target high, price needs to move -1757.14%. Nonetheless, investors will most likely welcome a -328.57% jump to $3 which is the analysts’ median price.
If we refocus on Innoviz Technologies Ltd (NASDAQ:INVZ), historical trading data shows that trading volumes averaged 3.86 over the past 10 days and 12.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 198.96 million shares.
The 0.00% of Innoviz Technologies Ltd’s shares are in the hands of company insiders while institutional holders own 30.71% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 24.39 million on 2025-02-28, giving us a short ratio of 1.68. The data shows that as of 2025-02-28 short interest in Innoviz Technologies Ltd (INVZ) stood at 1319.0 of shares outstanding, with shares short rising to 13.75 million registered in 2025-01-31. Current price change has pushed the stock -58.57% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INVZ stock continues to rise going into the next quarter.
