Innoviz Technologies (NASDAQ:INVZ) Trading 0.7% Higher - Time to Buy?

Key Points

• Innoviz missed recent quarterly expectations, reporting EPS of ($0.10) versus ($0.07) expected and revenue of $12.67M versus $15M, while showing a negative net margin of -123.06% and negative ROE of -73.64%, with a market cap around $145M.
• Shares were up 0.7% to $0.6757 on Monday with volume ~1.41M (down 36% from average), and the stock trades below its 50‑day ($0.72) and 200‑day ($1.09) moving averages.
• Analyst sentiment is mixed—three Buys and one Sell yield a MarketBeat average rating of "Moderate Buy" and an average target of $3.10—but recent downgrades from Weiss and Wall Street Zen are negative, while institutional investors own 63.26% of the shares.

Shares of Innoviz Technologies Ltd. (NASDAQ:INVZ - Get Free Report) were up 0.7% on Monday . The stock traded as high as $0.70 and last traded at $0.6757. Approximately 1,412,856 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 2,210,268 shares. The stock had previously closed at $0.6711.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on INVZ shares. Weiss Ratings restated a "sell (d-)" rating on shares of Innoviz Technologies in a research note on Friday, March 27th. Wall Street Zen cut Innoviz Technologies from a "sell" rating to a "strong sell" rating in a research note on Saturday, April 11th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Innoviz Technologies presently has an average rating of "Moderate Buy" and an average target price of $3.10.

Innoviz Technologies Price Performance

The stock has a market cap of $144.95 million, a PE ratio of -1.99 and a beta of 1.44. The company has a 50 day moving average price of $0.72 and a two-hundred day moving average price of $1.09.

Innoviz Technologies (NASDAQ:INVZ - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The firm had revenue of $12.67 million for the quarter, compared to analysts' expectations of $15.00 million. Innoviz Technologies had a negative net margin of 123.06% and a negative return on equity of 73.64%. As a group, equities analysts predict that Innoviz Technologies Ltd. will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Innoviz Technologies

Hedge funds have recently bought and sold shares of the company. Caprock Group LLC purchased a new stake in Innoviz Technologies during the third quarter valued at $26,000. Envestnet Asset Management Inc. purchased a new stake in Innoviz Technologies during the third quarter valued at $44,000. Vestmark Advisory Solutions Inc. purchased a new stake in Innoviz Technologies during the third quarter valued at $45,000. Elevation Point Wealth Partners LLC purchased a new stake in Innoviz Technologies during the third quarter valued at $47,000. Finally, Quantbot Technologies LP purchased a new stake in Innoviz Technologies in the third quarter worth about $47,000. Hedge funds and other institutional investors own 63.26% of the company's stock.

Innoviz Technologies Company Profile

Innoviz Technologies Ltd. NASDAQ: INVZ is a developer of high-performance solid-state LiDAR sensors and perception software designed to support advanced driver assistance systems (ADAS) and autonomous driving applications. The company’s core business focuses on providing automotive-grade LiDAR hardware, along with software algorithms that enable accurate 3D mapping, object detection and environmental perception in real time. Innoviz’s technology is tailored for integration into passenger vehicles, commercial fleets and other mobility platforms seeking improved safety and autonomy.

Founded in 2016 and headquartered in Rosh Ha’ayin, Israel, Innoviz has emerged as a key supplier to leading global automakers and Tier 1 suppliers.

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