Last Week, Innoviz Technologies Ltd. (INVZ) Recorded A Gain Of $50.68

As of Friday close, Innoviz Technologies Ltd.’s (NASDAQ:INVZ) stock was up $0.54, moving up 15.52 percent to $4.02. The average number of shares traded per day over the past five days has been 2,614,180 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.14 fall in that time frame. In the last twenty days, the average volume was 3,517,945, while in the previous 50 days, it was 1,825,714.

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Since last month, INVZ stock rose 16.86%. Shares of the company fell to $2.89 on 04/22/22, the lowest level in the past month. A 52-week high of $11.25 was reached on 01/03/22 after having rallying from a 52-week low of $2.89. Since the beginning of this year, INVZ’s stock price has dropped by -36.59% or -$2.32, and marked a new high 1 time. However, the stock has declined by -64.27% since its 52-week high.

Financial Health

In the three months ended September 29, Innoviz Technologies Ltd.’s quick ratio stood at 12.50, while its current ratio was 12.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -91.90% percent. Based on annual data, INVZ earned -$5.02 million in gross profit and brought in $5.47 million in revenue.

INVZ’s revenue rose 271.12% during the quarter, while net income inched up to $5.47 million. While analysts expected Innoviz Technologies Ltd. to report -$0.15 quarterly earnings, the actual figure was -$0.2 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated -$29.57 million in EBITDA. The liabilities of Innoviz Technologies Ltd. were 53.06 million at the end of its most recent quarter ended September 29, and its total debt was $2.4 million.

Technical Picture

This quick technical analysis looks at Innoviz Technologies Ltd.’s (INVZ) price momentum. With a historical volatility rate of 150.85%, the RSI 9-day stood at 53.37% on 13 May.

With respect to its five-day moving average, the current Innoviz Technologies Ltd. price is down by -3.37% percent or -$0.14. At present, INVZ shares trade +20.36% above its 20-day simple moving average and -29.35% percent below its 100-day simple moving average. However, the stock is currently trading approximately +10.74% above its SMA50 and -51.62% below its SMA200.

Stochastic coefficient K was 33.18% and Stochastic coefficient D was 36.37%, while ATR was 0.42. Given the Stochastic reading of 49.09% for the 14-day period, the RSI (14) reading has been calculated as 53.28%. As of today, the MACD Oscillator reading stands at -0.51, while the 14-day reading stands at -0.35.

Analyst Ratings

Goldman upgraded its rating on Innoviz Technologies Ltd. (NASDAQ: INVZ) to a Buy in a note to investors on November 17, 2021. The analysts firm previously had a Neutral rating on the stock.Innoviz Technologies Ltd. (INVZ) has been rated Buy by analysts. According to 0 brokerage firms , INVZ is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Innoviz Technologies Ltd. stock as buy, with 3 recommending it as overweight.

With a median target price of $7.00, the current consensus forecast for the stock is $7.00 – $10.00. Based on these forecasts, analysts predict Innoviz Technologies Ltd. (INVZ) will achieve an average price target of $8.00.


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