I recommend waiting for a better discount before investing in Innoviz Technologies Ltd. (INVZ).

The price of Innoviz Technologies Ltd. (NASDAQ: INVZ) closed at 5.54 in the last session, up 1.65% from day before closing price of $5.45. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 1243420 shares were traded. INVZ reached its highest trading level at $5.64 during the session, while it also had its lowest trading level at $5.25.

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We take a closer look at INVZ’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 8.10 and its Current Ratio is at 8.30. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on November 17, 2021, Upgraded its rating to Buy and sets its target price to $9 from $7 previously.

On May 25, 2021, Berenberg started tracking the stock assigning a Buy rating and target price of $13.

On May 19, 2021, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $14.Cantor Fitzgerald initiated its Overweight rating on May 19, 2021, with a $14 target price.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 109.62 while its Price-to-Book (P/B) ratio in mrq is 2.65.

Stock Price History:

Over the past 52 weeks, INVZ has reached a high of $8.03, while it has fallen to a 52-week low of $2.89. The 50-Day Moving Average of the stock is 4.78, while the 200-Day Moving Average is calculated to be 4.39.

Shares Statistics:

According to the various share statistics, INVZ traded on average about 1.68M shares per day over the past 3-months and 1.76M shares per day over the past 10 days. A total of 135.49M shares are outstanding, with a floating share count of 121.62M. Insiders hold about 10.24% of the company’s shares, while institutions hold 46.90% stake in the company. Shares short for INVZ as of Jul 14, 2022 were 3.94M with a Short Ratio of 1.74, compared to 4.22M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.92% and a Short% of Float of 3.53%.

Earnings Estimates

The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of $-0.25 for the current quarter, with a high estimate of $-0.21 and a low estimate of $-0.29, while EPS last year was $-0.73. The consensus estimate for the next quarter is $-0.27, with high estimates of $-0.22 and low estimates of $-0.33.

Analysts are recommending an EPS of between $-0.85 and $-1.14 for the fiscal current year, implying an average EPS of $-0.99. EPS for the following year is $-0.89, with 3 analysts recommending between $-0.8 and $-1.05.

Revenue Estimates

According to 3 analysts, the current quarter’s revenue is expected to be $1.93M. It ranges from a high estimate of $2M to a low estimate of $1.9M. As of the current estimate, Innoviz Technologies Ltd.’s year-ago sales were $2.25M, an estimated decrease of -14.20% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $2.47M, an increase of 19.00% over than the figure of $-14.20% in the same quarter last year. There is a high estimate of $2.5M for the next quarter, whereas the lowest estimate is $2.4M.

A total of 3 analysts have provided revenue estimates for INVZ’s current fiscal year. The highest revenue estimate was $9.5M, while the lowest revenue estimate was $9M, resulting in an average revenue estimate of $9.26M. In the same quarter a year ago, actual revenue was $5.47M, up 69.40% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $32.87M in the next fiscal year. The high estimate is $40M and the low estimate is $22M. The average revenue growth estimate for next year is up 255.00% from the average revenue estimate for this year.