Innoviz Technologies Ltd (NASDAQ: INVZ) closed the day trading at $1.62 up 10.96% from the previous closing price of $1.46. In other words, the price has increased by $+0.1600 from its previous closing price. On the day, 2824540 shares were traded.
Ratios:
For a better understanding of INVZ, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.35 and its Current Ratio is at 5.51. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.16.
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 this company, Rosenblatt on October 25, 2022, initiated with a Neutral rating and assigned the stock a target price of $5.
On September 20, 2022, JP Morgan started tracking the stock assigning a Overweight rating and target price of $22.JP Morgan initiated its Overweight rating on September 20, 2022, with a $22 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INVZ now has a Market Capitalization of 704.54M and an Enterprise Value of 115.92M. For the stock, the TTM Price-to-Sale (P/S) ratio is 35.43 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 15.38 whereas that against EBITDA is -1.09.
Stock Price History:
Over the past 52 weeks, INVZ has reached a high of $4.84, while it has fallen to a 52-week low of $1.30. The 50-Day Moving Average of the stock is 2.0382, while the 200-Day Moving Average is calculated to be 2.3039.
Shares Statistics:
Over the past 3-months, INVZ traded about 4.76M shares per day on average, while over the past 10 days, INVZ traded about 2.52M shares per day. A total of 164.89M shares are outstanding, with a floating share count of 157.66M. Insiders hold about 4.38% of the company’s shares, while institutions hold 41.86% stake in the company. Shares short for INVZ as of Jan 31, 2024 were 13.8M with a Short Ratio of 2.90, compared to 14.36M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.37% and a Short% of Float of 9.14%.
Earnings Estimates
Current recommendations for the stock of the company come from 5 analysts. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.14 and a low estimate of -$0.26, while EPS last year was -$0.25. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.16 and low estimates of -$0.21.
Analysts are recommending an EPS of between -$0.68 and -$0.92 for the fiscal current year, implying an average EPS of -$0.8. EPS for the following year is -$0.77, with 5 analysts recommending between -$0.68 and -$0.9.
Revenue Estimates
5 analysts predict $11.2M in revenue for the current quarter. It ranges from a high estimate of $12M to a low estimate of $10M. As of the current estimate, Innoviz Technologies Ltd’s year-ago sales were $1.58M, an estimated increase of 610.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $10.05M, an increase of 570.00% less than the figure of $610.20% in the same quarter last year. There is a high estimate of $14.2M for the next quarter, whereas the lowest estimate is $4M.
A total of 5 analysts have provided revenue estimates for INVZ’s current fiscal year. The highest revenue estimate was $18M, while the lowest revenue estimate was $15.96M, resulting in an average revenue estimate of $17.19M. In the same quarter a year ago, actual revenue was $6.03M, up 185.30% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $74.1M in the next fiscal year. The high estimate is $124M and the low estimate is $35M. The average revenue growth estimate for next year is up 331.10% from the average revenue estimate for this year.
