At the last check on Friday, Innoviz Technologies Ltd.’s (NASDAQ:INVZ) stock was up $0.04, moving up 1.53 percent to $2.33. The average number of shares traded per day over the past five days has been 2,755,895 shares. 4 times new highs have been achieved over the past 5 days, with a $0.16 gain in that time frame. In the last twenty days, the average volume was 5,340,419, while in the previous 50 days, it was 3,756,127.
Since last month, INVZ stock retreated -40.23%. Shares of the company fell to $2.00 on 08/25/23, the lowest level in the past month. A 52-week high of $6.19 was reached on 02/02/23 after having rallying from a 52-week low of $2.00. Since the beginning of this year, INVZ’s stock price has dropped by -40.84% or -$1.62, and marked a new high 12 times. However, the stock has declined by -62.44% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.76. Besides these, the trailing price-to-sales (P/S) ratio of 76.49, the price-to-book (PB) ratio of 2.33.
Financial Health
In the three months ended June 29, Innoviz Technologies Ltd.’s quick ratio stood at 3.80, while its current ratio was 3.90, showing that the company is able to pay off its debt. Based on annual data, INVZ earned -$8.76 million in gross profit and brought in $6.03 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -69.60%. Return on equity (ROE) for the past 12 months was -75.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. INVZ’s revenue rose 9.29% during the quarter, while net income inched up to $6.03 million. While analysts expected Innoviz Technologies Ltd. to report -$0.22 quarterly earnings, the actual figure was -$0.23 per share, beating the consensus estimate by -4.50%. During the quarter, the company generated -$32.01 million in EBITDA. The liabilities of Innoviz Technologies Ltd. were 62.07 million at the end of its most recent quarter ended June 29, and its total debt was $33.72 million.
Technical Picture
This quick technical analysis looks at Innoviz Technologies Ltd.’s (INVZ) price momentum. With a historical volatility rate of 88.62%, the RSI 9-day stood at 43.55% on 31 August.
With respect to its five-day moving average, the current Innoviz Technologies Ltd. price is up by +7.44% percent or $0.16. At present, INVZ shares trade -37.74% below its 20-day simple moving average and -24.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.50% below its SMA50 and -57.61% below its SMA200.
Stochastic coefficient K was 76.05% and Stochastic coefficient D was 69.20%, while ATR was 0.18. Given the Stochastic reading of 75.61% for the 14-day period, the RSI (14) reading has been calculated as 41.50%. As of today, the MACD Oscillator reading stands at 0.08, while the 14-day reading stands at 0.10.
Analyst Ratings
Rosenblatt launched its rating on Innoviz Technologies Ltd. (NASDAQ: INVZ) to a Neutral in a note to investors on October 25, 2022. Innoviz Technologies Ltd. (INVZ) has been rated Buy by analysts. According to 0 brokerage firms, INVZ is a sell, and 1 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 5 recommending it as overweight.
With a median target price of $8.00, the current consensus forecast for the stock is $3.00 – $13.00. Based on these forecasts, analysts predict Innoviz Technologies Ltd. (INVZ) will achieve an average price target of $8.17.
