Innoviz Technologies (INVZ) Set to Announce Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ - Get Free Report) is set to release its earnings data before the market opens on Wednesday, November 13th. Analysts expect Innoviz Technologies to post earnings of ($0.16) per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Innoviz Technologies (NASDAQ:INVZ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). Innoviz Technologies had a negative net margin of 338.67% and a negative return on equity of 75.99%. The firm had revenue of $6.66 million during the quarter, compared to the consensus estimate of $4.77 million. During the same period in the prior year, the company posted ($0.23) earnings per share. On average, analysts expect Innoviz Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Innoviz Technologies Price Performance

NASDAQ INVZ traded up $0.00 during mid-day trading on Wednesday, reaching $0.64. 634,137 shares of the stock were exchanged, compared to its average volume of 2,045,221. The stock has a market cap of $87.52 million, a P/E ratio of -0.96 and a beta of 1.06. The stock has a 50 day simple moving average of $0.72 and a 200-day simple moving average of $0.87. Innoviz Technologies has a one year low of $0.50 and a one year high of $2.99.

Analysts Set New Price Targets

Several equities analysts have issued reports on INVZ shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $2.00 price target on shares of Innoviz Technologies in a research note on Monday, September 30th. Westpark Capital reissued a "buy" rating and set a $6.00 target price on shares of Innoviz Technologies in a research note on Tuesday, August 6th. The Goldman Sachs Group downgraded shares of Innoviz Technologies from a "buy" rating to a "neutral" rating and decreased their price target for the company from $2.25 to $1.00 in a research note on Thursday, July 11th. Finally, Rosenblatt Securities reissued a "neutral" rating and set a $3.25 price objective on shares of Innoviz Technologies in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $3.85.

Innoviz Technologies Company Profile

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.