The price of Innoviz Technologies Ltd (NASDAQ: INVZ) closed at $1.46 in the last session, down -3.31% from day before closing price of $1.51. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 3124171 shares were traded.
Ratios:
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 4.26 and its Current Ratio is at 4.31. In the meantime, Its Debt-to-Equity ratio is 0.21 whereas as Long-Term Debt/Eq ratio is at 0.19.
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 240.74M and an Enterprise Value of 127.88M. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.53 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 6.13 whereas that against EBITDA is -1.04.
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 $1.30. The 50-Day Moving Average of the stock is 1.8308, while the 200-Day Moving Average is calculated to be 2.2498.
Shares Statistics:
According to the various share statistics, INVZ traded on average about 4.84M shares per day over the past 3-months and 3.18M shares per day over the past 10 days. 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 41.91% stake in the company. Shares short for INVZ as of Feb 15, 2024 were 14.86M with a Short Ratio of 3.07, compared to 15.25M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.01% and a Short% of Float of 9.84%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.16, while EPS last year was -$0.26. The consensus estimate for the next quarter is -$0.16, with high estimates of -$0.14 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.58 and -$0.71 for the fiscal current year, implying an average EPS of -$0.66. EPS for the following year is -$0.6, with 4 analysts recommending between -$0.46 and -$0.71.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $5.5M. It ranges from a high estimate of $5.5M to a low estimate of $5.5M. As of the current estimate, Innoviz Technologies Ltd’s year-ago sales were $1.5M, an estimated increase of 266.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $5.12M, an increase of 383.00% over than the figure of $266.70% in the same quarter last year. There is a high estimate of $7M for the next quarter, whereas the lowest estimate is $3M.
A total of 4 analysts have provided revenue estimates for INVZ’s current fiscal year. The highest revenue estimate was $56.6M, while the lowest revenue estimate was $30M, resulting in an average revenue estimate of $38.77M. In the same quarter a year ago, actual revenue was $20.88M, up 85.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $144M in the next fiscal year. The high estimate is $298M and the low estimate is $50M. The average revenue growth estimate for next year is up 271.40% from the average revenue estimate for this year.
