Innoviz Technologies Ltd (NASDAQ:INVZ) currently has a daily average trading volume of 1.50M but it saw 1835276 shares traded in last market. With a market cap of 125.47M USD, the company’s current market price of $0.71 came rising about 4.81 while comparing to the previous closing price of $0.68. 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 $0.67 while lowest mark touched by it was $0.7499.
Taking a look at 20-day trading activity of Innoviz Technologies Ltd (INVZ) gives us an average price of $0.5955, while its current price level is -76.26% below from 52-week high level whereas it is 57.71% 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 $0.6970 while that of 200 days or SMA-200 reads an average of $0.9705. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.90% during that period while stretching the period over a month that decreases to 11.31%. 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 60.45 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 35.67% up while it is 5.28% when we observe its performance for the past one month. Year-to-date it is -71.95% down and over the past year, the stock is showing a downside performance of -60.79%.
Currently, Innoviz Technologies Ltd’s total number of outstanding shares is 168.68M. Company’s return on investment (ROI) stands at -90.16% and return on equity (ROE) at -78.99%. Stock’s beta reads 1.08. Stock has a price to sale or P/S ratio amounts to 3.78. Its return on asset (ROA) is -55.97% on average.
