Innoviz Technologies Ltd [NASDAQ: INVZ] gained 12.33% or 4659998.54 points to close at $4660000.0 with a heavy trading volume of 11739534 shares.
It opened the trading session at $1.5, the shares rose to $1.65 and dropped to $1.46, the range by which the price of stock traded the whole day. The daily chart for INVZ points out that the company has recorded -1.80% loss over the past six months.
If we look at the average trading volume of 4.66M shares, INVZ reached to a volume of 11739534 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 $2.51 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 1.50. 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.
Rosenblatt have made an estimate for Innoviz Technologies Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 20, 2024. The new note on the price target was released on November 14, 2024, representing the official price target for Innoviz Technologies Ltd stock. Previously, the target price had yet another drop from $2.25 to $1, while Goldman kept a Neutral rating on INVZ stock.
The Price to Book ratio for the last quarter was 3.52, with the Price to Cash per share for the same quarter was set at 0.43.
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 22.39. With this latest performance, INVZ shares gained by 75.12% in over the last four-week period, additionally sinking by -1.80% over the last 6 months – not to mention a drop of -2.38% in the past year of trading.
Innoviz Technologies Ltd [INVZ]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Innoviz Technologies Ltd [INVZ] shares currently have an operating margin of -239.75% and a Gross Margin at 20.57%. Innoviz Technologies Ltd’s Net Margin is presently recorded at -223.29%.
Return on Equity for this stock declined to -45.18%, with Return on Assets sitting at -45.18%.
Innoviz Technologies Ltd [INVZ]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INVZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Innoviz Technologies Ltd go to 27.75%.
An analysis of Institutional ownership at Innoviz Technologies Ltd [INVZ]
There are presently around $22.41%, or 22.94% of INVZ stock, in the hands of institutional investors. The top three institutional holders of INVZ stocks are: CITIGROUP INC with ownership of 8.79 million shares, which is approximately 5.2782%. COWEN AND COMPANY, LLC, holding 8.13 million shares of the stock with an approximate value of $$7.54 million in INVZ stocks shares; and COWEN AND COMPANY, LLC, currently with $$6.96 million in INVZ stock with ownership which is approximately 4.5037%.
