In the past week, INVZ stock has gone up by 18.38%, with a monthly gain of 54.23% and a quarterly surge of 1.39%. The volatility ratio for the week is 11.86%, and the volatility levels for the last 30 days are 10.05% for Innoviz Technologies Ltd The simple moving average for the past 20 days is 34.23% for INVZ’s stock, with a -23.01% simple moving average for the past 200 days.
Is It Worth Investing in Innoviz Technologies Ltd (NASDAQ: INVZ) Right Now?
compared to its average ratio and a 36-month beta value of 0.99. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Innoviz Technologies Ltd (INVZ) is $8.17, which is $5.98 above the current market price. The public float for INVZ is 155.91M, and currently, short sellers hold a 8.26% ratio of that float. The average trading volume of INVZ on November 20, 2023 was 2.45M shares.
INVZ) stock’s latest price update
The stock of Innoviz Technologies Ltd (NASDAQ: INVZ) has increased by 18.38 when compared to last closing price of 1.85.Despite this, the company has seen a gain of 18.38% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-10 that Ouster and Innoviz had positive financial performance in Q3, with Ouster achieving expected milestones and Innoviz maintaining its revenue forecast. Cepton and Luminar revised their forecasts downward, while MicroVision set a lower target for the year. Cash runway analysis shows that AEye and MicroVision will run out of cash in 2024, while Innoviz may exhaust its cash by 2025.
Analysts’ Opinion of INVZ
Many brokerage firms have already submitted their reports for INVZ stocks, with Rosenblatt repeating the rating for INVZ by listing it as a “Neutral.” The predicted price for INVZ in the upcoming period, according to Rosenblatt is $5 based on the research report published on October 25, 2022 of the previous year 2022.
INVZ Trading at 22.79% from the 50-Day Moving Average
After a stumble in the market that brought INVZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.33% of loss for the given period.
Volatility was left at 10.05%, however, over the last 30 days, the volatility rate increased by 11.86%, as shares surge +56.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.23% lower at present.
During the last 5 trading sessions, INVZ rose by +18.38%, which changed the moving average for the period of 200-days by -62.24% in comparison to the 20-day moving average, which settled at $1.67. In addition, Innoviz Technologies Ltd saw -44.27% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for INVZ
Current profitability levels for the company are sitting at:
- -2212.89 for the present operating margin
- -145.44 for the gross margin
The net margin for Innoviz Technologies Ltd stands at -2105.41. The total capital return value is set at -50.82, while invested capital returns managed to touch -48.70.
Based on Innoviz Technologies Ltd (INVZ), the company’s capital structure generated 17.67 points at debt to equity in total, while total debt to capital is 15.01. Total debt to assets is 13.28, with long-term debt to equity ratio resting at 15.73. Finally, the long-term debt to capital ratio is 13.37.
When we switch over and look at the enterprise to sales, we see a ratio of 28.25, with the company’s debt to enterprise value settled at 0.09. The receivables turnover for the company is 4.04 and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.78.
To put it simply, Innoviz Technologies Ltd (INVZ) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.