Are we looking at the next big move in Innoviz Technologies Ltd (INVZ)?

Innoviz Technologies Ltd (NASDAQ: INVZ) is 18.45% higher on its value in year-to-date trading and has touched a low of $0.45 and a high of $2.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INVZ stock was last observed hovering at around $1.74 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $1.99, the stock is 52.05% and 121.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.47 million and changing 14.37% at the moment leaves the stock 114.22% off its SMA200. INVZ registered -17.43% loss for a year compared to 6-month loss of 109.56%. The firm has a 50-day simple moving average (SMA 50) of $0.8746 and a 200-day simple moving average (SMA200) of $0.92586.

The stock witnessed a 201.52% gain in the last 1 month and extending the period to 3 months gives it a 143.07%, and is 10.56% 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 14.64% over the week and 18.20% over the month.

Innoviz Technologies Ltd (INVZ) has around 488 employees, a market worth around $324.49M and $33.16M in sales. Profit margin for the company is -321.53%. Distance from 52-week low is 342.22% and -19.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.16%).

The EPS is expected to grow by 33.85% this year.

Innoviz Technologies Ltd (INVZ) Top Institutional Holders

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.