The stock of Innoviz Technologies Ltd (NASDAQ: INVZ) has decreased by -10.40 when compared to last closing price of 1.25. Despite this, the company has experienced a -2.61% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-06 that Innoviz Technologies reported a blockbuster quarter with revenues surging 846%. The Lidar company made strong progress with key customers BMW and Volkswagen and grew a massive order book. The stock has a minimal market cap for the opportunity ahead while the company has reduced costs to limit cash burn.
Is It Worth Investing in Innoviz Technologies Ltd (NASDAQ: INVZ) Right Now?
The 36-month beta value for INVZ is also noteworthy at 1.05. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for INVZ is 158.61M, and at present, short sellers hold a 8.37% of that float. The average trading volume of INVZ on May 08, 2024 was 2.23M shares.
INVZ’s Market Performance
INVZ stock saw a decrease of -2.61% in the past week, with a monthly decline of -20.57% and a quarterly a decrease of -30.00%. The volatility ratio for the week is 8.25%, and the volatility levels for the last 30 days are 7.80% for Innoviz Technologies Ltd (INVZ). The simple moving average for the past 20 days is -1.59% for INVZ’s stock, with a -41.35% simple moving average for the past 200 days.
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.
Berenberg, on the other hand, stated in their research note that they expect to see INVZ reach a price target of $12. The rating they have provided for INVZ stocks is “Buy” according to the report published on September 28th, 2022.
JP Morgan gave a rating of “Overweight” to INVZ, setting the target price at $22 in the report published on September 20th of the previous year.
INVZ Trading at -15.21% 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 -74.46% of loss for the given period.
Volatility was left at 7.80%, however, over the last 30 days, the volatility rate increased by 8.25%, as shares sank -19.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.86% lower at present.
During the last 5 trading sessions, INVZ fell by -2.61%, which changed the moving average for the period of 200-days by -65.11% in comparison to the 20-day moving average, which settled at $1.1246. In addition, Innoviz Technologies Ltd saw -55.73% 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:
- -6.35 for the present operating margin
- -0.56 for the gross margin
The net margin for Innoviz Technologies Ltd stands at -5.91. The total capital return value is set at -0.73. Equity return is now at value -71.50, with -52.02 for asset returns.
Based on Innoviz Technologies Ltd (INVZ), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at -2.85. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 47.77.
Currently, EBITDA for the company is -123.41 million with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 9.19. The receivables turnover for the company is 2.82for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.31.
Conclusion
In summary, Innoviz Technologies Ltd (INVZ) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
