The stock price of Innoviz Technologies Ltd (NASDAQ: INVZ) has jumped by 28.64 compared to previous close of 0.53. Despite this, the company has seen a gain of 25.69% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-13 that Innoviz Technologies Ltd (NASDAQ:INVZ ) Q3 2024 Earnings Conference Call November 13, 2024 9:00 AM ET Company Participants Omer Keilaf – Chief Executive Officer Eldar Cegla – Chief Financial Officer Conference Call Participants Andres Sheppard – Cantor Fitzgerald Mark Delaney – Goldman Sachs Jash Patwa – J.P. Morgan Operator Good morning.
Is It Worth Investing in Innoviz Technologies Ltd (NASDAQ: INVZ) Right Now?
The stock has a 36-month beta value of 1.00. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for INVZ is 168.68M, and at present, short sellers hold a 6.75% of that float. On November 26, 2024, the average trading volume of INVZ was 1.40M shares.
INVZ’s Market Performance
INVZ stock saw a decrease of 25.69% in the past week, with a monthly decline of -0.72% and a quarterly a decrease of 4.58%. The volatility ratio for the week is 12.25%, and the volatility levels for the last 30 days are 10.73% for Innoviz Technologies Ltd (INVZ). The simple moving average for the last 20 days is 15.84% for INVZ’s stock, with a simple moving average of -30.11% for the last 200 days.
Analysts’ Opinion of INVZ
Goldman, on the other hand, stated in their research note that they expect to see INVZ reach a price target of $1, previously predicting the price at $2.25. The rating they have provided for INVZ stocks is “Neutral” according to the report published on July 11th, 2024.
Rosenblatt gave a rating of “Neutral” to INVZ, setting the target price at $5 in the report published on October 25th of the previous year.
INVZ Trading at -1.97% 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 -77.09% of loss for the given period.
Volatility was left at 10.73%, however, over the last 30 days, the volatility rate increased by 12.25%, as shares sank -3.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.21% lower at present.
During the last 5 trading sessions, INVZ rose by +25.69%, which changed the moving average for the period of 200-days by -58.98% in comparison to the 20-day moving average, which settled at $0.5914. In addition, Innoviz Technologies Ltd saw -72.92% 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:
- -3.45 for the present operating margin
- -0.12 for the gross margin
The net margin for Innoviz Technologies Ltd stands at -3.22. The total capital return value is set at -0.97. Equity return is now at value -78.99, with -55.97 for asset returns.
Currently, EBITDA for the company is -123.41 million with net debt to EBITDA at -0.02. When we switch over and look at the enterprise to sales, we see a ratio of 3.54. The receivables turnover for the company is 9.37for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.64.
Conclusion
To sum up, Innoviz Technologies Ltd (INVZ) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
