Stocks of Innoviz Technologies Ltd (NASDAQ:INVZ) traded higher last session on Wall Street, down -6.62% to $1.27.
INVZ stock price is now 42.84% away from the 50-day moving average and 38.25% away from the 200-day moving average. The market capitalization of the company currently stands at $252.68M.
With the price target maintained at $4, Rosenblatt recently Upgraded its rating from Neutral to Buy for Innoviz Technologies Ltd (NASDAQ: INVZ). , while ‘Goldman’ rates the stock as ‘Neutral’
In other news, Cegla Eldar Mordechay, Officer bought 10,000 shares of the company’s stock on Dec 24 ’24. The stock was bought for $15,300 at an average price of $1.53. A total of 2.07% of the company’s stock is owned by insiders.
During the past 12 months, Innoviz Technologies Ltd has had a low of $0.45 and a high of $3.14. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 4.30, and a quick ratio of 4.23.
The net profit margin was -223.29% and return on equity was -65.19% for INVZ. The company reported revenue of $17.39 million for the quarter, compared to $7.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 146.42 percent.
