Innoviz Technologies Ltd (NASDAQ:INVZ) price on Thursday, May 09,fall -2.31% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.27.
A look at the stock’s price movement, the close in the last trading session was $1.30. Turning to its 52-week performance, $4.39 and $0.94 were the 52-week high and 52-week low respectively. Overall, INVZ moved -4.51% over the past month.
Innoviz Technologies Ltd’s market cap currently stands at around $210.62 million.
Analysts have a consensus estimate of 5.5M for the company’s revenue for the quarter, with a low and high estimate of 4.5M and 7M respectively. The average forecast suggests up to a 418.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 40.03M, representing a 91.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that INVZ is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
INVZ’s current price about 13.08% and -2.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.97, while 7-day volatility ratio is 12.56% and 8.84% in the 30-day chart. Further, Innoviz Technologies Ltd (INVZ) has a beta value of 1.06, and an average true range (ATR) of 0.11.
If we refocus on Innoviz Technologies Ltd (NASDAQ:INVZ), historical trading data shows that trading volumes averaged 2.32 million over the past 3 months. The company’s latest data on shares outstanding shows there are 165.84 million shares.
The 4.36% of Innoviz Technologies Ltd’s shares are in the hands of company insiders while institutional holders own 41.44% of the company’s shares. Current price change has pushed the stock -49.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the INVZ stock continues to rise going into the next quarter.
