Innoviz Technologies Ltd (INVZ) Looks Ready for Growth Despite -40.48% Change This Year

Innoviz Technologies Ltd (NASDAQ: INVZ) is -40.48% 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 $0.99 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $1.00, the stock is 23.98% and 41.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.65 million and changing 1.46% at the moment leaves the stock 13.68% off its SMA200. INVZ registered -18.03% loss for a year compared to 6-month gain of 94.17%.

The stock witnessed a 58.43% loss in the last 1 month and extending the period to 3 months gives it a 8.60%, and is 9.13% 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 15.17% over the week and 9.15% over the month.

Innoviz Technologies Ltd (INVZ) has around 415 employees, a market worth around $198.96M and $34.60M in sales. Profit margin for the company is -223.29%. Distance from 52-week low is 122.22% and -68.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-58.62%).

The EPS is expected to grow by 45.61% this year.

Innoviz Technologies Ltd (INVZ) Top Institutional Holders

The shares outstanding are 198.96M, and float is at 198.96M with Short Float at 10.64%.

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.