Innoviz Technologies Ltd (NASDAQ: INVZ) is -67.86% lower 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 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 $0.56 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.54, the stock is -15.35% and -36.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing -4.14% at the moment leaves the stock -39.68% off its SMA200. INVZ registered -61.15% loss for a year compared to 6-month loss of -33.48%. The firm has a 50-day simple moving average (SMA 50) of $0.84434 and a 200-day simple moving average (SMA200) of $0.895335.
The stock witnessed a -16.67% gain in the last 1 month and extending the period to 3 months gives it a -71.28%, and is -5.26% 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 14.09% over the week and 9.15% over the month.
Innoviz Technologies Ltd (INVZ) has around 415 employees, a market worth around $107.44M and $24.27M in sales. Profit margin for the company is -390.46%. Distance from 52-week low is 20.00% and -82.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.94%).
with sales reaching $9M over the same period.The EPS is expected to grow by 35.96% this year, but quarterly earnings will post 125.24% year-over-year. Quarterly sales are estimated to grow 27.53% in year-over-year returns.
112.0 institutions hold shares in Innoviz Technologies Ltd (INVZ), with institutional investors hold 32.23% of the company’s shares. The shares outstanding are 198.96M, and float is at 198.96M with Short Float at 11.84%. Institutions hold 31.55% of the Float.
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 5.2782 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 4.8804 of the shares outstanding. The other top investors are ANTARA CAPITAL LP which holds 7.5 million shares representing 4.5037 and valued at over $6.96 million, while FIFTHDELTA LTD holds 3.8424 of the shares totaling 6.4 million with a market value of $5.93 million.
