Innoviz Technologies Ltd (NASDAQ: INVZ) is 76.34% 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 $1.46 in the last trading session, with the day’s gains setting it 4659998.54%.
Currently trading at $4660000.0, the stock is 46.29% and 73.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.74 million and changing 12.33% at the moment leaves the stock 75.66% off its SMA200. INVZ registered -2.38% loss for a year compared to 6-month loss of -1.80%. The firm has a 50-day simple moving average (SMA 50) of $0.94362 and a 200-day simple moving average (SMA200) of $0.93363.
The stock witnessed a 75.12% gain in the last 1 month and extending the period to 3 months gives it a 148.90%, and is 22.39% 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 12.91% over the week and 11.48% over the month.
Innoviz Technologies Ltd (INVZ) has around 415 employees, a market worth around $326.29M and $34.60M in sales. Profit margin for the company is -223.29%. Distance from 52-week low is 264.44% and -47.77% 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
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 194.84M with Short Float at 11.67%. 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.
