Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
In the latest session, Innoviz Technologies Ltd (NASDAQ: INVZ) closed at $1.82 up 7.06% from its previous closing price of $1.7. In other words, the price has increased by $7.06 from its previous closing price. On the day, 7.35 million shares were traded. INVZ stock price reached its highest trading level at $1.85 during the session, while it also had its lowest trading level at $1.68.
Ratios:
For a deeper understanding of Innoviz Technologies Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.23 and its Current Ratio is at 4.30. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.22.
Goldman Downgraded its Buy to Neutral on July 11, 2024, whereas the target price for the stock was revised from $2.25 to $1.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 24 ’24 when Cegla Eldar Mordechay bought 10,000 shares for $1.53 per share.
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 362110848 and an Enterprise Value of 280575840. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.47 while its Price-to-Book (P/B) ratio in mrq is 3.91. Its current Enterprise Value per Revenue stands at 8.109 whereas that against EBITDA is -3.652.
Stock Price History:
The Beta on a monthly basis for INVZ is 1.22, which has changed by 1.5312934 over the last 52 weeks, in comparison to a change of 0.18157876 over the same period for the S&P500. Over the past 52 weeks, INVZ has reached a high of $3.14, while it has fallen to a 52-week low of $0.45. The 50-Day Moving Average of the stock is 26.33%, while the 200-Day Moving Average is calculated to be 70.63%.
Shares Statistics:
For the past three months, INVZ has traded an average of 7.90M shares per day and 6431660 over the past ten days. A total of 198.96M shares are outstanding, with a floating share count of 194.84M. Insiders hold about 2.07% of the company’s shares, while institutions hold 29.14% stake in the company. Shares short for INVZ as of 1753920000 were 26953392 with a Short Ratio of 3.41, compared to 1751241600 on 26339589. Therefore, it implies a Short% of Shares Outstanding of 26953392 and a Short% of Float of 13.83.
Earnings Estimates
Investors are keenly observing as 4.0 analysts analyze and rate the current performance of Innoviz Technologies Ltd (INVZ) in the stock market.The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.07 and low estimates of -$0.1.
Analysts are recommending an EPS of between -$0.25 and -$0.37 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.26, with 4.0 analysts recommending between -$0.17 and -$0.33.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $9M this quarter.It ranges from a high estimate of $12M to a low estimate of $7M. As of the current estimate, Innoviz Technologies Ltd’s year-ago sales were $6.66MFor the next quarter, 4 analysts are estimating revenue of $12.75M. There is a high estimate of $14M for the next quarter, whereas the lowest estimate is $12M.
A total of 4 analysts have provided revenue estimates for INVZ’s current fiscal year. The highest revenue estimate was $59.63M, while the lowest revenue estimate was $55.39M, resulting in an average revenue estimate of $56.46M. In the same quarter a year ago, actual revenue was $24.27MBased on 3 analysts’ estimates, the company’s revenue will be $150.39M in the next fiscal year. The high estimate is $180M and the low estimate is $101M.
