Innoviz Technologies Ltd (NASDAQ: INVZ) is -46.36% 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 $0.90 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.90, the stock is -0.64% and 19.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing -0.33% at the moment leaves the stock 1.24% off its SMA200. INVZ registered -14.17% loss for a year compared to 6-month loss of 18.52%. The firm has a 50-day simple moving average (SMA 50) of $0.75654 and a 200-day simple moving average (SMA200) of $0.89022.
The stock witnessed a 27.83% gain in the last 1 month and extending the period to 3 months gives it a 20.95%, and is -4.82% 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 2.75% over the week and 5.70% over the month.
Innoviz Technologies Ltd (INVZ) has around 415 employees, a market worth around $179.30M and $34.60M in sales. Profit margin for the company is -223.29%. Distance from 52-week low is 100.27% and -71.30% from its 52-week high. The company has generated returns on investments over the last 12 months (-58.62%).
with sales reaching $9M over the same period.The EPS is expected to grow by 45.61% this year, but quarterly earnings will post 132.64% year-over-year. Quarterly sales are estimated to grow 35.05% in year-over-year returns.
108.0 institutions hold shares in Innoviz Technologies Ltd (INVZ), with institutional investors hold 22.94% of the company’s shares. The shares outstanding are 198.96M, and float is at 198.96M with Short Float at 11.34%. Institutions hold 22.41% 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.
