Innoviz Technologies (INVZ) Expected to Announce Quarterly Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ - Get Free Report) is expected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $5.86 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Innoviz Technologies Stock Down 7.6 %

Shares of INVZ stock traded down $0.07 during trading hours on Friday, reaching $0.85. 18,416,195 shares of the stock traded hands, compared to its average volume of 12,647,126. Innoviz Technologies has a 1-year low of $0.45 and a 1-year high of $3.14. The business has a fifty day moving average price of $1.50 and a 200 day moving average price of $0.98. The firm has a market capitalization of $116.37 million, a PE ratio of -1.34 and a beta of 0.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on INVZ shares. Westpark Capital started coverage on shares of Innoviz Technologies in a report on Wednesday, November 27th. They set a "buy" rating and a $1.30 price target on the stock. Cantor Fitzgerald lowered shares of Innoviz Technologies from an "overweight" rating to a "neutral" rating in a report on Thursday, November 14th. The Goldman Sachs Group cut their price target on shares of Innoviz Technologies from $1.00 to $0.75 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Finally, Rosenblatt Securities upgraded shares of Innoviz Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $3.25 to $4.00 in a report on Friday, December 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $3.01.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.