A new trading day began on Monday, with Innoviz Technologies Ltd (NASDAQ: INVZ) stock price down -5.94% from the previous day of trading, before settling in for the closing price of $1.01. INVZ’s price has ranged from $1.01 to $4.39 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 31.34% over the past five years. Meanwhile, its annual earnings per share averaged 20.52%. With a float of $158.61 million, this company’s outstanding shares have now reached $165.84 million.
Innoviz Technologies Ltd (INVZ) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Innoviz Technologies Ltd is 4.36%, while institutional ownership is 41.65%.
Innoviz Technologies Ltd (INVZ) Latest Financial update
In its latest quarterly report, released on 12/31/2023, the company reported earnings of -$0.18 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.52% per share during the next fiscal year.
Innoviz Technologies Ltd (NASDAQ: INVZ) Trading Performance Indicators
Here are Innoviz Technologies Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.85, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.56 in one year’s time.
Technical Analysis of Innoviz Technologies Ltd (INVZ)
Innoviz Technologies Ltd (NASDAQ: INVZ) saw its 5-day average volume 2.57 million, a negative change from its year-to-date volume of 2.96 million. As of the previous 9 days, the stock’s Stochastic %D was 5.59%. Additionally, its Average True Range was 0.09.
During the past 100 days, Innoviz Technologies Ltd’s (INVZ) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.67% in the past 14 days, which was lower than the 82.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4238, while its 200-day Moving Average is $2.0201. Nevertheless, the first resistance level for the watch stands at $1.0100 in the near term. At $1.0700, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.1000. If the price goes on to break the first support level at $0.9200, it is likely to go to the next support level at $0.8900. The third support level lies at $0.8300 if the price breaches the second support level.
Innoviz Technologies Ltd (NASDAQ: INVZ) Key Stats
With a market capitalization of 157.55 million, the company has a total of 136,185K Shares Outstanding. Currently, annual sales are 20,880 K while annual income is -123,450 K. The company’s previous quarter sales were 14,920 K while its latest quarter income was -30,450 K.
