Innoviz Technologies Ltd (NASDAQ: INVZ) is 11.90% higher on its value in year-to-date trading and has touched a low of $0.45 and a high of $3.14 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 $1.62 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $1.88, the stock is 11.14% and 71.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.47 million and changing 16.05% at the moment leaves the stock 98.74% off its SMA200. INVZ registered 6.82% gain for a year compared to 6-month gain of 124.61%. The firm has a 50-day simple moving average (SMA 50) of $1.07036 and a 200-day simple moving average (SMA200) of $0.94396.
The stock witnessed a 52.85% loss in the last 1 month and extending the period to 3 months gives it a 137.97%, and is 16.77% 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 16.96% over the week and 19.19% over the month.
Innoviz Technologies Ltd (INVZ) has around 488 employees, a market worth around $317.12M and $33.16M in sales. Profit margin for the company is -321.53%. Distance from 52-week low is 317.78% and -40.13% 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.
Innoviz Technologies Ltd (INVZ) Top Institutional Holders
The shares outstanding are 168.68M, and float is at 168.68M with Short Float at 7.20%.
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.
Innoviz Technologies Ltd (INVZ) Insider Activity
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