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After finishing at $0.90 in the prior trading day, Innoviz Technologies Ltd (NASDAQ: INVZ) closed at $0.84, down -6.99%. In other words, the price has decreased by -$6.99 from its previous closing price. On the day, 1.37 million shares were traded. INVZ stock price reached its highest trading level at $0.9099 during the session, while it also had its lowest trading level at $0.8335.
Ratios:
Our goal is to gain a better understanding of INVZ by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.48 and its Current Ratio is at 4.56. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.21.
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 July 11, 2024, Downgraded its rating to Neutral and sets its target price to $1 from $2.25 previously.
On October 25, 2022, Rosenblatt started tracking the stock assigning a Neutral rating and target price of $5.
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 138808080 and an Enterprise Value of 46584596. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.16. Its current Enterprise Value per Revenue stands at 1.73 whereas that against EBITDA is -0.388.
Stock Price History:
Over the past 52 weeks, INVZ has reached a high of $4.39, while it has fallen to a 52-week low of $0.83. The 50-Day Moving Average of the stock is -18.36%, while the 200-Day Moving Average is calculated to be -45.26%.
Shares Statistics:
The stock has traded on average 1.90M shares per day over the past 3-months and 2595468 shares per day over the last 10 days, according to various share statistics. A total of 165.84M shares are outstanding, with a floating share count of 158.61M. Insiders hold about 4.36% of the company’s shares, while institutions hold 39.99% stake in the company. Shares short for INVZ as of 1719532800 were 11889960 with a Short Ratio of 6.26, compared to 1717113600 on 12311221. Therefore, it implies a Short% of Shares Outstanding of 11889960 and a Short% of Float of 7.79.
