Innoviz Technologies Ltd. [INVZ] Revenue clocked in at $-9.23 million, down -55.42% YTD: What’s Next?

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Innoviz Technologies Ltd. [NASDAQ: INVZ] gained 7.42% or 0.44 points to close at $6.37 with a heavy trading volume of 2410412 shares. The company report on December 28, 2021 that Invitation for Innoviz CEO’s White Paper Virtual Workshop: Establishing LiDAR Standards for Safe Level 3 Automated Driving 3rd Jan 11:00 EST.

Join Co-Founder and CEO Omer Keilaf for a discussion on automotive LiDAR specifications to ensure safe Level 3 automated driving.


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Innoviz Technologies Ltd. (NASDAQ: INVZ), a leading provider of high-performance LiDAR sensors and perception software, invites you to join Co-Founder and CEO Omer Keilaf for a live virtual workshop on January 3, 2022, at 11:00 am EST. The workshop will introduce chapters from a new white paper, written by Mr. Keilaf, that address the different aspects of designing a LiDAR for a Level 3 automated vehicle platform and show how these aspects translate to the design and requirements of an automotive-grade LiDAR sensor that ensures road safety and system performance at all speeds and across all environments. To register for the workshop, visit https://bit.ly/3mqZ9cW. The white paper will be available on Innoviz’s website following the event.

It opened the trading session at $5.97, the shares rose to $6.50 and dropped to $5.93, the range by which the price of stock traded the whole day. The daily chart for INVZ points out that the company has recorded -37.73% loss over the past six months. However, it is still -44.77% lower than its most recent low trading price.

If we look at the average trading volume of 1.84M shares, INVZ reached to a volume of 2410412 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Innoviz Technologies Ltd. [INVZ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INVZ shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INVZ stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Innoviz Technologies Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 17, 2021. While these analysts kept the previous recommendation, Berenberg raised their target price to Buy. The new note on the price target was released on May 25, 2021, representing the official price target for Innoviz Technologies Ltd. stock. Previously, the target price had yet another raise to $14, while Cantor Fitzgerald analysts kept a Overweight rating on INVZ stock.

The Average True Range (ATR) for Innoviz Technologies Ltd. is set at 0.44 The Price to Book ratio for the last quarter was 2.96, with the Price to Cash per share for the same quarter was set at 1.06.

Trading performance analysis for INVZ stock

Innoviz Technologies Ltd. [INVZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.46. With this latest performance, INVZ shares dropped by -11.28% in over the last four-week period, additionally sinking by -37.73% over the last 6 months – not to mention a drop of -54.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INVZ stock in for the last two-week period is set at 54.69, with the RSI for the last a single of trading hit 57.50, and the three-weeks RSI is set at 53.43 for Innoviz Technologies Ltd. [INVZ]. The present Moving Average for the last 50 days of trading for this stock 5.89, while it was recorded at 6.14 for the last single week of trading, and 8.10 for the last 200 days.

Innoviz Technologies Ltd. [INVZ]: A deeper dive into fundamental analysis

Return on Total Capital for INVZ is now -0.91, given the latest momentum, and Return on Invested Capital for the company is -0.83. Return on Equity for this stock declined to -0.83, with Return on Assets sitting at -0.75.

Reflecting on the efficiency of the workforce at the company, Innoviz Technologies Ltd. [INVZ] managed to generate an average of -$3,656 per employee.Innoviz Technologies Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 16.90 and a Current Ratio set at 17.20.

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An analysis of insider ownership at Innoviz Technologies Ltd. [INVZ]

There are presently around $134 million, or 15.80% of INVZ stock, in the hands of institutional investors. The top three institutional holders of INVZ stocks are: ANTARA CAPITAL LP with ownership of 7,000,000, which is approximately 0% of the company’s market cap and around 31.60% of the total institutional ownership; MEITAV DASH INVESTMENTS LTD, holding 1,906,333 shares of the stock with an approximate value of $11.3 million in INVZ stocks shares; and D. E. SHAW & CO., INC., currently with $10.67 million in INVZ stock with ownership of nearly -10% of the company’s market capitalization.

Positions in Innoviz Technologies Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 30 institutional holders increased their position in Innoviz Technologies Ltd. [NASDAQ:INVZ] by around 5,274,238 shares. Additionally, 21 investors decreased positions by around 4,727,387 shares, while 11 investors held positions by with 12,665,359 shares. The mentioned changes placed institutional holdings at 22,666,984 shares, according to the latest SEC report filing. INVZ stock had 16 new institutional investments in for a total of 2,037,947 shares, while 11 institutional investors sold positions of 3,780,134 shares during the same period.