Innoviz Technologies Ltd (NASDAQ:INVZ) currently has a daily average trading volume of 1.30M but it saw 2033901 shares traded in last market. With a market cap of 84.34M USD, the company’s current market price of $0.50 came falling about -2.91 while comparing to the previous closing price of $0.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.99 and as low as $0.50. In the recent trading on the day, stock has struck highest price mark of $0.5 while lowest mark touched by it was $0.55.
Taking a look at 20-day trading activity of Innoviz Technologies Ltd (INVZ) gives us an average price of $0.6601, while its current price level is -83.28% below from 52-week high level whereas it is 0.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.7102 while that of 200 days or SMA-200 reads an average of $1.0179. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.00% during that period while stretching the period over a month that decreases to 9.41%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 25.79 which implies that the stock is in oversold territory.
Goldman downgraded its recommendation for the stock as a “Neutral” from “Buy” on July 11, 2024 while assigning a price target range of $2.25-$1. Rosenblatt issued its recommendations for the stock as it initiated the price target for the stock is $5.
Over the week, INVZ’s stock price is moving -23.24% down while it is -34.10% when we observe its performance for the past one month. Year-to-date it is -80.24% down and over the past year, the stock is showing a downside performance of -76.64%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.18 beaten by the consensus estimate of -0.17 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.12 while estimate for next year EPS is -0.51. In next quarter, company is expected to be making quarterly sales of $11.57M as analysts are expecting the sales for current fiscal year at $24.34M and seeing the company making $108.3M in sales next year. Moreover, analysts are in estimates of $6M for current-quarter revenue.
Currently, Innoviz Technologies Ltd’s total number of outstanding shares is 166.86M. Company’s return on investment (ROI) stands at -90.16% and return on equity (ROE) at -78.99%. Stock’s beta reads 0.99. Stock has a price to sale or P/S ratio amounts to 2.54. Its return on asset (ROA) is -55.97% on average.
