A new trading day began on Monday, with Innoviz Technologies Ltd (NASDAQ: INVZ) stock price up 28.64% from the previous day of trading, before settling in for the closing price of $0.53. INVZ’s price has ranged from $0.45 to $2.99 over the past 52 weeks.
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A company in the Consumer Cyclical sector has jumped its sales by 31.34% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 35.18%. With a float of $168.68 million, this company’s outstanding shares have now reached $168.68 million.
In terms of profitability, gross margin is -12.0%, operating margin of -345.22%, and the pretax margin is -320.77%.
Innoviz Technologies Ltd (INVZ) Insider Updates
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 0.00%, while institutional ownership is 32.45%.
Innoviz Technologies Ltd (INVZ) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.18 per share, which was $0.1 lower 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 -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 35.18% 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 3.59. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.64, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.49 in one year’s time.
Technical Analysis of Innoviz Technologies Ltd (INVZ)
Let’s dig in a bit further. During the last 5-days, its volume was 2.31 million. That was better than the volume of 2.07 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 57.49%. Additionally, its Average True Range was 0.06.
During the past 100 days, Innoviz Technologies Ltd’s (INVZ) raw stochastic average was set at 42.73%, which indicates a significant decrease from 82.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 132.64% in the past 14 days, which was higher than the 86.78% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6988, while its 200-day Moving Average is $0.9801. However, in the short run, Innoviz Technologies Ltd’s stock first resistance to watch stands at $0.7698. Second resistance stands at $0.8545. The third major resistance level sits at $0.9732. If the price goes on to break the first support level at $0.5664, it is likely to go to the next support level at $0.4477. Assuming the price breaks the second support level, the third support level stands at $0.3630.
Innoviz Technologies Ltd (NASDAQ: INVZ) Key Stats
With a market capitalization of 116.09 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 4,520 K while its latest quarter income was -24,860 K.
