A look into Innoviz Technologies Ltd (INVZ)’s deeper side

With 1.43 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.52 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.7922 whereas the lowest price it dropped to was $0.7221. The 52-week range on INVZ shows that it touched its highest point at $2.99 and its lowest point at $0.45 during that stretch. It currently has a 1-year price target of $1.77. Beta for the stock currently stands at 1.09.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INVZ was up-trending over the past week, with a rise of 43.47%, but this was up by 20.60% over a month. Three-month performance surged to 15.39% while six-month performance fell -27.58%. The stock lost -57.28% in the past year, while it has lost -69.94% so far this year. A look at the trailing 12-month EPS for INVZ yields -0.64 with Next year EPS estimates of -0.51. For the next quarter, that number is -0.14. This implies an EPS growth rate of 33.81% for this year and 7.55% for next year.

Float and Shares Shorts:

At present, 168.68 million INVZ shares are outstanding with a float of 168.68 million shares on hand for trading. On 2024-10-31, short shares totaled 11.39 million, which was 681.9999999999999 higher than short shares on 1727654400. In addition to Mr. Omer David Keilaf as the firm’s Co-Founder, CEO & Director, Mr. Eldar Cegla serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.29596 of INVZ’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, INVZ reported revenue of $4520000.0 and operating income of -$26180000.0. The EBITDA in the recently reported quarter was -$24022000.0 and diluted EPS was -$0.15.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INVZ since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With INVZ analysts setting a high price target of 3.25 and a low target of 0.75, the average target price over the next 12 months is 1.76667. Based on these targets, INVZ could surge 327.63% to reach the target high and fall by -1.32% to reach the target low. Reaching the average price target will result in a growth of 132.46% from current levels.

Analysts have provided yearly estimates in a range of -$0.44425 being high and -$0.61921 being low. For INVZ, this leads to a yearly average estimate of -$0.556.