Innoviz Technologies Ltd. (NASDAQ:INVZ - Get Free Report) saw unusually large options trading on Thursday. Stock investors bought 8,723 call options on the stock. This is an increase of approximately 192% compared to the average daily volume of 2,989 call options.
Innoviz Technologies Stock Performance
INVZ traded up $0.08 during midday trading on Thursday, hitting $1.68. The stock had a trading volume of 17,636,868 shares, compared to its average volume of 5,467,710. The company has a market cap of $334.25 million, a P/E ratio of -3.65 and a beta of 1.26. The business has a fifty day moving average of $1.06 and a 200 day moving average of $1.07. Innoviz Technologies has a 1 year low of $0.45 and a 1 year high of $3.14.
Analyst Upgrades and Downgrades
INVZ has been the subject of several recent analyst reports. Westpark Capital boosted their price objective on Innoviz Technologies from $2.22 to $2.53 and gave the stock a "buy" rating in a report on Wednesday, June 18th. The Goldman Sachs Group boosted their price objective on Innoviz Technologies from $0.75 to $1.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Rosenblatt Securities reissued a "buy" rating and set a $4.00 price objective on shares of Innoviz Technologies in a report on Thursday, May 15th. Finally, Wall Street Zen raised Innoviz Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $2.38.
Read Our Latest Research Report on Innoviz Technologies
Institutional Trading of Innoviz Technologies
Several hedge funds and other institutional investors have recently bought and sold shares of INVZ. Lido Advisors LLC bought a new stake in Innoviz Technologies in the fourth quarter valued at approximately $29,000. OneDigital Investment Advisors LLC bought a new stake in Innoviz Technologies in the fourth quarter valued at approximately $37,000. Arkadios Wealth Advisors bought a new stake in Innoviz Technologies in the first quarter valued at approximately $40,000. NewEdge Advisors LLC lifted its position in Innoviz Technologies by 499.6% in the first quarter. NewEdge Advisors LLC now owns 70,021 shares of the company's stock valued at $46,000 after purchasing an additional 58,343 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Innoviz Technologies in the fourth quarter valued at approximately $80,000. Hedge funds and other institutional investors own 63.26% of the company's stock.
About Innoviz Technologies
(
Get Free Report)
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.
Further Reading
Before you consider Innoviz Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innoviz Technologies wasn't on the list.
While Innoviz Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
