Innoviz Technologies Ltd (NASDAQ: INVZ) is -34.00% lower on its value in year-to-date trading and has touched a low of $0.45 and a high of $2.82 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 $1.53 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $1.67, the stock is 81.94% and 121.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.01 million and changing 9.15% at the moment leaves the stock 83.00% off its SMA200. INVZ registered -35.78% loss for a year compared to 6-month loss of 79.54%. The firm has a 50-day simple moving average (SMA 50) of $0.73604 and a 200-day simple moving average (SMA200) of $0.91126.
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The stock witnessed a 213.56% gain in the last 1 month and extending the period to 3 months gives it a 126.19%, and is 35.75% 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 22.55% over the week and 17.77% over the month.
Innoviz Technologies Ltd (INVZ) has around 488 employees, a market worth around $307.48M and $33.16M in sales. Profit margin for the company is -321.53%. Distance from 52-week low is 271.11% and -40.78% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.16%).
with sales reaching $5.86M over the same period.The EPS is expected to grow by 33.85% this year, but quarterly earnings will post 15.65% year-over-year. Quarterly sales are estimated to shrink -60.72% in year-over-year returns.
The shares outstanding are 168.68M, and float is at 168.68M with Short Float at 5.96%.
The top institutional shareholder in the company is CITIGROUP INC with over 8.79 million shares valued at $8.15 million. The investor’s holdings represent 5.3058 of the INVZ Shares outstanding. As of 2024-06-30, the second largest holder is COWEN AND COMPANY, LLC with 8.13 million shares valued at $7.54 million to account for 4.9058 of the shares outstanding. The other top investors are ANTARA CAPITAL LP which holds 7.5 million shares representing 4.5272 and valued at over $6.96 million, while FIFTHDELTA LTD holds 3.8625 of the shares totaling 6.4 million with a market value of $5.93 million.
