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.
The price of Innoviz Technologies Ltd (NASDAQ: INVZ) closed at $1.21 in the last session, up 8.04% from day before closing price of $1.12. In other words, the price has increased by $8.04 from its previous closing price. On the day, 4.08 million shares were traded. INVZ stock price reached its highest trading level at $1.22 during the session, while it also had its lowest trading level at $1.12.
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 200666400 and an Enterprise Value of 87807160. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.61. Its current Enterprise Value per Revenue stands at 4.206 whereas that against EBITDA is -0.7.
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 $0.94. The 50-Day Moving Average of the stock is -9.24%, while the 200-Day Moving Average is calculated to be -37.32%.
Shares Statistics:
According to the various share statistics, INVZ traded on average about 2.24M shares per day over the past 3-months and 1667930 shares per day over the past 10 days. 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 42.04% stake in the company. Shares short for INVZ as of 1713139200 were 13273638 with a Short Ratio of 5.92, compared to 1710460800 on 12398002. Therefore, it implies a Short% of Shares Outstanding of 13273638 and a Short% of Float of 8.7.
