Financial Health Check: Examining Innoviz Technologies Ltd (INVZ)’s Key Ratios

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Innoviz Technologies Ltd (NASDAQ: INVZ) closed the day trading at $0.49 down -2.60% from the previous closing price of $0.50. In other words, the price has decreased by -$2.60 from its previous closing price. On the day, 3.79 million shares were traded. INVZ stock price reached its highest trading level at $0.5264 during the session, while it also had its lowest trading level at $0.45.

Ratios:

For a better understanding of INVZ, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.59 and its Current Ratio is at 3.64. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.28.

On July 11, 2024, Goldman Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $2.25 to $1.

On October 25, 2022, Rosenblatt started tracking the stock assigning a Neutral rating and target price of $5.Rosenblatt initiated its Neutral rating on October 25, 2022, with a $5 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 82148136 and an Enterprise Value of 10908795. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41. Its current Enterprise Value per Revenue stands at 0.34 whereas that against EBITDA is -0.099.

Stock Price History:

Over the past 52 weeks, INVZ has reached a high of $2.99, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is -31.35%, while the 200-Day Moving Average is calculated to be -51.87%.

Shares Statistics:

Over the past 3-months, INVZ traded about 1.32M shares per day on average, while over the past 10 days, INVZ traded about 2227270 shares per day. A total of 168.68M shares are outstanding, with a floating share count of 168.68M. Insiders hold about 0.00% of the company’s shares, while institutions hold 32.45% stake in the company. Shares short for INVZ as of 1730332800 were 11387320 with a Short Ratio of 8.62, compared to 1727654400 on 11181352. Therefore, it implies a Short% of Shares Outstanding of 11387320 and a Short% of Float of 7.4099995000000005.

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