Innoviz Technologies Ltd. (NASDAQ:INVZ) shares traded 8.95% higher at $3.41 on Wall Street last session.
In accordance with the data, 6 analysts cover Innoviz Technologies Ltd. (NASDAQ:INVZ). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $4.50, we find $7.00. Given the previous closing price of $3.13, this indicates a potential upside of 123.64 percent. INVZ stock price is now 14.91% away from the 50-day moving average and -12.26% away from the 200-day moving average. The market capitalization of the company currently stands at $426.69M.
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It has been rated a hold by 1 analysts and a buy by 5. Brokers who have rated the stock have averaged $8.08 as their price target over the next twelve months.
With the price target of $5, Rosenblatt recently initiated with Neutral rating for Innoviz Technologies Ltd. (NASDAQ: INVZ).
A total of 5.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INVZ stock. A new stake in Innoviz Technologies Ltd. shares was purchased by BESSEMER GROUP INC during the first quarter worth $911,000. WILDCAT CAPITAL MANAGEMENT, LLC invested $790,000 in shares of INVZ during the first quarter. In the first quarter, TORONTO DOMINION BANK acquired a new stake in Innoviz Technologies Ltd. valued at approximately $750,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in INVZ for approximately $724,000. MAN GROUP PLC purchased a new stake in INVZ valued at around $580,000 in the second quarter. In total, there are 139 active investors with 51.50% ownership of the company’s stock.
Innoviz Technologies Ltd. (NASDAQ: INVZ) opened at $3.3400 on Friday. During the past 12 months, Innoviz Technologies Ltd. has had a low of $2.09 and a high of $6.21. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.70, and a quick ratio of 4.60. The fifty day moving average price for INVZ is $2.9813 and a two-hundred day moving average price translates $3.8795 for the stock.
The latest earnings results from Innoviz Technologies Ltd. (NASDAQ: INVZ) was released for Mar, 2023. According to the Auto Parts Company, earnings per share came in at -$0.26, missing analysts’ expectations of -$0.22 by -0.04. This compares to -$0.23 EPS in the same period last year. The company reported revenue of $1.01 million for the quarter, compared to $1.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -43.07 percent. For the current quarter, analysts expect INVZ to generate $1.06M in revenue.
Innoviz Technologies Ltd.(INVZ) Company Profile
Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy. Its automotive-grade sensor is integrable into Level 3 through 5 autonomous vehicles for the safety of passengers and pedestrians. The company also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as an option to integrate the perception application in the LiDAR sensor; Innoviz360, a 360-degree LiDAR for automotive and non-automotive applications; and perception application, a software application that turns the InnovizOne LiDAR’s raw point cloud data into perception outputs to provide scene perception and deliver an automotive-grade ASIL B(D) solution. It operates in Europe, Asia Pacific, the Middle East, Africa, and North America. The company was incorporated in 2016 and is headquartered in Rosh HaAyin, Israel.
