Innoviz Technologies Ltd (NASDAQ: INVZ) is -44.27% 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 $1.46 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $1.41, the stock is 2.36% and -7.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -3.42% at the moment leaves the stock -33.03% off its SMA200. INVZ registered -54.37% loss for a year compared to 6-month loss of -20.79%. The firm has a 50-day simple moving average (SMA 50) of $5.76 and a 200-day simple moving average (SMA200) of -$0.97.
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The stock witnessed a -6.62% gain in the last 1 month and extending the period to 3 months gives it a -39.48%, and is -4.08% down 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 7.45% over the week and 6.49% over the month.
Profit margin for the company is -591.37%. Distance from 52-week low is 12.80% and -67.84% 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 $5.6M 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 273.30% 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.
