Innoviz Technologies Ltd. (NASDAQ:INVZ) saw a downside of -4.85% to close Monday at $3.53 after subtracting -$0.18 on the day. The 5-day average trading volume is 4,412,160 shares of the company’s common stock. It has gained $4.39 in the past week and touched a new high 2 times within the past 5 days. An average of 3,519,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,344,598.
INVZ’s 1-month performance is 12.06% or $0.38 on its low of $3.02 reached on 07/17/23. The company’s shares have touched a 52-week low of $2.09 and high of $6.21, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, INVZ has lost -10.18% or -$0.40 and has reached a new high 12 times. However, the current price is down -43.16% from the 52-week high price.
Valuation Metrics
INVZ stock has a beta of 0.66. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 95.20 while the price-to-book (PB) in the most recent quarter is 3.53.
Innoviz Technologies Ltd.’s quick ratio for the period ended June 29 was 3.80, with the current ratio over the same period at 3.90. The trailing 12-month EBITDA margin is -2088.90%. The firm’s gross profit as reported stood at -$8.76 million against revenue of $6.03 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Innoviz Technologies Ltd.’s cash and short-term investments amounted to $41.68 million against total debt of $33.72 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -21.04% to -$126.87 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected INVZ to announce -$0.22 per share in earnings in its latest quarter, but it posted -$0.23, representing a -4.50% surprise. EBITDA for the quarter stood at more than -$32.01 million. INVZ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 62.07 million, with total debt at $33.72 million.
Let’s look briefly at Innoviz Technologies Ltd. (INVZ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 49.81% to suggest the stock is trending Neutral, with historical volatility in this time period at 120.53%.
The stock’s 5-day moving average is $3.85, reflecting a -13.90% or -$0.57 change from its current price. INVZ is currently trading +2.32% above its 20-day SMA, -8.55% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.78% and SMA200 by-24.09%.
Stochastic %K and %D was 47.64% and 61.89% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 53.41%, while the 14-day stochastic is at 32.41% with the period’s ATR at 0.28. The stock’s 9-day MACD Oscillator is pointing at 0.03 and 0.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Innoviz Technologies Ltd. (NASDAQ: INVZ), Rosenblatt launched coverage with a Neutral rating. Analysts offering their rating for INVZ stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate INVZ as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is INVZ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.50 and a high of $13.00, with their median price target at $8.00. Looking at these predictions, the average price target given by analysts is for Innoviz Technologies Ltd. (INVZ) stock is $8.42.
