Innoviz Technologies (INVZ) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Innoviz Technologies in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" INVZ shares.
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4 brokerages have issued twelve-month price targets for Innoviz Technologies' shares. Their INVZ share price forecasts range from $3.00 to $13.00. On average, they anticipate the company's stock price to reach $8.25 in the next twelve months. This suggests a possible upside of 327.5% from the stock's current price.
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Innoviz Technologies' stock was trading at $3.93 at the beginning of 2023. Since then, INVZ stock has decreased by 50.9% and is now trading at $1.93.
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Innoviz Technologies saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 11,810,000 shares, an increase of 15.9% from the August 15th total of 10,190,000 shares. Based on an average daily volume of 3,400,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 7.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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Innoviz Technologies Ltd. (NASDAQ:INVZ) released its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.05. The firm had revenue of $1.47 million for the quarter, compared to the consensus estimate of $0.60 million. Innoviz Technologies had a negative trailing twelve-month return on equity of 75.53% and a negative net margin of 2,727.64%.

ETFs with the largest weight of Innoviz Technologies (NASDAQ:INVZ) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON) and Global X Autonomous & Electric Vehicles ETF (DRIV).BlueStar Israel Technology ETF (ITEQ).

Innoviz Technologies updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $15.00 million-$20.00 million, compared to the consensus revenue estimate of $13.47 million.

Innoviz Technologies trades on the NASDAQ under the ticker symbol "INVZ."

Innoviz Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include Citigroup Inc. (0.00%), Cowen AND Company LLC (3.68%), BlackRock Inc. (1.99%), Migdal Insurance & Financial Holdings Ltd. (1.77%), Mirae Asset Global Investments Co. Ltd. (1.29%) and State Street Corp (1.28%).

Shares of INVZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of INVZ stock can currently be purchased for approximately $1.93.

Innoviz Technologies (NASDAQ:INVZ) has a market capitalization of $264.68 million and generates $6.03 million in revenue each year. The company earns $-126,870,000.00 in net income (profit) each year or ($0.99) on an earnings per share basis.

The company employs 468 workers across the globe.

Innoviz Technologies' mailing address is 2 AMAL ST., ROSH HAAIN L3, 4809202. The official website for the company is www.innoviz.tech. The company can be reached via phone at 972-74-700-3692 or via email at maya.lustig@innoviz-tech.com.