Innoviz Technologies Ltd (NASDAQ:INVZ) currently has a daily average trading volume of 1.38M but it saw 1104391 shares traded in last market. With a market cap of 89.40M USD, the company’s current market price of $0.53 came rising about 1.32 while comparing to the previous closing price of $0.52. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.99 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $0.5 while lowest mark touched by it was $0.53.
Taking a look at 20-day trading activity of Innoviz Technologies Ltd (INVZ) gives us an average price of $0.6004, while its current price level is -82.27% below from 52-week high level whereas it is 17.78% 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 $0.7053 while that of 200 days or SMA-200 reads an average of $0.9906. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.82% during that period while stretching the period over a month that increases to 9.62%. 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 35.47 which implies that the stock is in neutral 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 6.00% up while it is -29.21% when we observe its performance for the past one month. Year-to-date it is -79.05% down and over the past year, the stock is showing a downside performance of -72.40%.
Currently, Innoviz Technologies Ltd’s total number of outstanding shares is 168.68M with 2.02% of that held by the insiders while 29.60% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -90.16% and return on equity (ROE) at -78.99%. Stock’s beta reads 1.01. Stock has a price to sale or P/S ratio amounts to 2.70. Its return on asset (ROA) is -55.97% on average.
