Innoviz Technologies (INVZ) Projected to Post Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $5.86 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Innoviz Technologies Stock Down 7.6 %

Shares of NASDAQ:INVZ traded down $0.07 during midday trading on Friday, reaching $0.85. 18,416,195 shares of the company traded hands, compared to its average volume of 14,393,307. Innoviz Technologies has a 12 month low of $0.45 and a 12 month high of $3.14. The firm's fifty day moving average price is $1.50 and its two-hundred day moving average price is $0.97. The firm has a market capitalization of $116.37 million, a price-to-earnings ratio of -1.34 and a beta of 0.72.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Rosenblatt Securities upgraded shares of Innoviz Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Westpark Capital started coverage on shares of Innoviz Technologies in a report on Wednesday, November 27th. They issued a "buy" rating and a $1.30 price target for the company. Cantor Fitzgerald cut shares of Innoviz Technologies from an "overweight" rating to a "neutral" rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group lowered their price objective on Innoviz Technologies from $1.00 to $0.75 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.01.

About Innoviz Technologies

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.