Innoviz Technologies Ltd (NASDAQ:INVZ) price closed lower on Friday, April 12, dropping -9.09% below its previous close.
A look at the daily price movement shows that the last close reads $1.32. The company’s 5Y monthly beta was ticking 1.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.39 and 52-week low of $1.25. The stock subtracted -12.41% on its value in the past month.
Innoviz Technologies Ltd, which has a market valuation of $199.01 million, is expected to release its quarterly earnings report May 15, 2024 – May 20, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give INVZ a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that INVZ’s price is at present -12.31% off the SMA20 and -20.12% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 33.63, with weekly volatility standing at 6.49%. The indicator jumps to 6.42% when calculated based on the past 30 days. Innoviz Technologies Ltd (NASDAQ:INVZ)’s beta value is holding at 1.00, while the average true range (ATR) indicator is currently reading 0.10. An analysis of the Innoviz Technologies Ltd (NASDAQ:INVZ) stock in terms of its daily trading volume indicates that the 3-month average is 2.84 million.
Current records show that the company has 165.84M in outstanding shares. The insiders’ percentage holdings are 4.36% of outstanding shares while the percentage share held by institutions stands at 41.65%. But the -52.57% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
