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What should you know before buying stock in Innoviz Technologies Ltd (INVZ)

Innoviz Technologies Ltd (NASDAQ: INVZ) is -41.90% lower on its value in year-to-date trading and has touched a low of $1.25 and a high of $4.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The INVZ stock was last observed hovering at around $1.35 in the last trading session, with the day’s gains setting it 0.12%.

Currently trading at $1.47, the stock is 4.55% and -6.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.65 million and changing 8.89% at the moment leaves the stock -31.40% off its SMA200. INVZ registered -55.18% loss for a year compared to 6-month loss of -23.04%. The firm has a 50-day simple moving average (SMA 50) of $5.32 and a 200-day simple moving average (SMA200) of -$0.90.

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The stock witnessed a -7.55% gain in the last 1 month and extending the period to 3 months gives it a -45.15%, and is 11.36% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.28% over the week and 6.29% over the month.

Profit margin for the company is -591.37%. Distance from 52-week low is 17.60% and -66.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-67.92%).

Innoviz Technologies Ltd quarterly earnings per share for the current quarter are estimated at -$0.15 with sales reaching $5.5M over the same period.The EPS is expected to grow by 20.52% this year, but quarterly earnings will post 90.70% year-over-year. Quarterly sales are estimated to grow 266.70% in year-over-year returns.

Innoviz Technologies Ltd (INVZ) Top Institutional Holders

136 institutions hold shares in Innoviz Technologies Ltd (INVZ), with institutional investors hold 43.21% of the company’s shares. The shares outstanding are 165.84M, and float is at 158.57M with Short Float at 7.82%. Institutions hold 42.33% of the Float.

The top institutional shareholder in the company is Fifthdelta Ltd with over 11.5 million shares valued at $32.66 million. The investor’s holdings represent 8.39% of the INVZ Shares outstanding. As of Jun 29, 2023, the second largest holder is Citigroup Inc. with 7.82 million shares valued at $22.21 million to account for 5.70% of the shares outstanding. The other top investors are Antara Capital Lp which holds 6.37 million shares representing 4.64% and valued at over $18.08 million, while Jane Street Group, LLC holds 3.85% of the shares totaling 5.28 million with a market value of $15.01 million.

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