The Insider Activity Of Innoviz Technologies Ltd. (INVZ) Is Worth Monitoring

Innoviz Technologies Ltd. (NASDAQ:INVZ) finished Friday with a subtraction of -$0.01 to close at $4.96, a downside of -0.20 percent. An average of 626,160 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 620,430 shares traded, while the 50-day average volume stands at 633,386.

INVZ stock has decreased by -16.92% in the last month. The company shares reached their 1-month lowest point of $4.60 on 10/11/21. With the stock rallying to its 52-week high on 01/12/21, shares of the company touched a low of $4.60 and a high of $17.75 in 52 weeks. It has reached a new high 3 times so far this year and lost -65.29% or -$9.33 in price. In spite of this, the price is down -72.06% from the 52-week high.


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Valuation Metrics

Innoviz Technologies Ltd. (INVZ) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 32.04 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 411.71, the price-to-book (PB) ratio at 1.82.

The quick ratio of Innoviz Technologies Ltd. for the three months ended June 29 was 13.70, and the current ratio was 13.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at -$15.77 million compared to revenue of -$9.36 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Innoviz Technologies Ltd.’s return on assets was -40.40%.

Earnings Surprise

For the three-month period that ended June 29, Innoviz Technologies Ltd. had $2.22 million in total debt. The analyst consensus anticipated Innoviz Technologies Ltd.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.73, a -356.20% surprise. For the quarter, EBITDA amounted to -$71.12 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Innoviz Technologies Ltd. (INVZ) price momentum. RSI 9-day as of the close on 22 October was 39.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 39.87%.

As of today, INVZ’s price is $4.92 +3.55% or $0.17 from its 5-day moving average. INVZ is currently trading -17.88% lower than its 20-day SMA and -52.35% lower than its 100-day SMA. However, the stock’s current price level is -43.64% below the SMA50 and -64.77% below the SMA200.

The stochastic %K and %D were 34.08% and 28.94%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 32.73% and the average true range at 0.31, the RSI (14) stands at 36.41%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.

Analyst Ratings

Berenberg launched coverage on Innoviz Technologies Ltd. (NASDAQ: INVZ) in its analyst report released on May 25, 2021. The firm assigned the stock a a Buy rating. The consensus rating for Innoviz Technologies Ltd. (INVZ) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell INVZ, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is INVZ’s price target for the next 12 months?

Analysts predict a range of price targets between $7.00 and $13.00, with a median target of $10.00. Taking a look at these predictions, the average price target given by analysts for Innoviz Technologies Ltd. (INVZ) stock is $10.00.

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