Innoviz Technologies Ltd (NASDAQ:INVZ) currently has a daily average trading volume of 2.45M but it saw 11460891 shares traded in last market. With a market cap of 193.99M USD, the company’s current market price of $1.15 came falling about -6.50 while comparing to the previous closing price of $1.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.97 and as low as $0.45. In the recent trading on the day, stock has struck highest price mark of $1.06 while lowest mark touched by it was $1.37.
Taking a look at 20-day trading activity of Innoviz Technologies Ltd (INVZ) gives us an average price of $0.7614, while its current price level is -61.28% below from 52-week high level whereas it is 155.56% 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 $0.7089 while that of 200 days or SMA-200 reads an average of $0.9151. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.49% during that period while stretching the period over a month that decreases to 14.89%. 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 74.29 which implies that the stock is in overbought 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 58.47% up while it is 111.01% when we observe its performance for the past one month. Year-to-date it is -54.55% down and over the past year, the stock is showing a downside performance of -54.90%.
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 1.07. Stock has a price to book (P/B) ratio of 1.24 while price to sale or P/S ratio amounts to 5.85. Its return on asset (ROA) is -55.97% on average.
