Innoviz Technologies Ltd (NASDAQ: INVZ) Becomes The New Buzzing Stock: Sports A Monthly Volatility Of 5.69%

Innoviz Technologies Ltd (NASDAQ:INVZ) does about 1.82M shares in volume on a normal day but saw 2624985 shares change hands in Monday trading. The company now has a market cap of 157.48M USD. Its current market price is $0.95, marking an increase of 2.47% compared to the previous close of $0.93. The 52 week high reached by this stock is $4.39 whilst the lowest price level in 52 weeks is $0.83.

Innoviz Technologies Ltd (INVZ) has a 20-day trading average at $0.9419 and the current price is -78.34% off the 52-week high compared with 14.41% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.0620 and its 200-day simple moving average is $1.5684. If we look at the stock’s price movements over the week, volatility stands at 5.18%, which increases to 5.69% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 46.65 to suggest the stock is neutral.

The consensus objective for the share price is $4.30, suggesting that the stock has a potential upside of 77.91% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 25, 2022 when Rosenblatt initiated the stock to “Neutral” and issued a price target of $5. JP Morgan initiated its price target at $22.

Innoviz Technologies Ltd (INVZ) stock is up 2.38% over the week and -6.90% over the past month. Its price is -62.47% year-to-date and -67.37% over the past year.

To reach the target analysts have set, the stock logically needs to grow 77.91 percent from here.

The company has a return on investment of -75.86% and return on equity of -81.39%. The beta has a value of 0.99. Price to sales ratio is 5.85.