Innoviz Technologies Ltd (NASDAQ:INVZ) shares traded 13.04% higher at $2.60 on Wall Street last session.
In accordance with the data, 5 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 $3.00, we find $6.00. Given the previous closing price of $2.30, this indicates a potential upside of 160.87 percent. INVZ stock price is now 50.12% away from the 50-day moving average and -0.53% away from the 200-day moving average. The market capitalization of the company currently stands at $428.71M.
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It has been rated a hold by 1 analysts and a buy by 4. Brokers who have rated the stock have averaged $7.40 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 4.43% of the company’s stock is owned by insiders.
Innoviz Technologies Ltd (NASDAQ: INVZ) opened at $2.3700 on Tuesday. During the past 12 months, Innoviz Technologies Ltd has had a low of $1.30 and a high of $6.14. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 5.51, and a quick ratio of 5.35. The fifty day moving average price for INVZ is $1.7319 and a two-hundred day moving average price translates $2.6140 for the stock.
The latest earnings results from Innoviz Technologies Ltd (NASDAQ: INVZ) was released for Sep, 2023. According to the Auto Parts Company, earnings per share came in at -$0.18, beating analysts’ expectations of -$0.22 by 0.04. This compares to -$0.25 EPS in the same period last year. The company reported revenue of $3.48 million for the quarter, compared to $0.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 296.7 percent. For the current quarter, analysts expect INVZ to generate $11.5M 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.
