Innoviz Technologies Ltd (NASDAQ: INVZ) is -62.58% 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 $0.65 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.63, the stock is 0.49% and -18.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -2.74% at the moment leaves the stock -29.30% off its SMA200. INVZ registered -45.33% loss for a year compared to 6-month loss of -18.57%. The firm has a 50-day simple moving average (SMA 50) of $0.77238 and a 200-day simple moving average (SMA200) of $0.88932.
The stock witnessed a -9.30% gain in the last 1 month and extending the period to 3 months gives it a -63.02%, and is 11.61% 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 7.58% over the week and 8.72% over the month.
Innoviz Technologies Ltd (INVZ) has around 415 employees, a market worth around $125.09M and $24.27M in sales. Profit margin for the company is -390.46%. Distance from 52-week low is 39.71% and -79.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.94%).
The EPS is expected to grow by 35.96% this year
114.0 institutions hold shares in Innoviz Technologies Ltd (INVZ), with institutional investors hold 32.24% 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 31.56% 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.
