Innoviz Technologies (NASDAQ:INVZ - Get Free Report) is expected to release its Q4 2024 earnings data before the market opens on Wednesday, February 26th. Analysts expect Innoviz Technologies to post earnings of ($0.11) per share and revenue of $5.86 million for the quarter. Innoviz Technologies has set its FY 2025 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.
Innoviz Technologies (NASDAQ:INVZ - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.11) EPS for the quarter, hitting analysts' consensus estimates of ($0.11). The business had revenue of $6.03 million for the quarter, compared to analyst estimates of $5.86 million. Innoviz Technologies had a negative net margin of 321.53% and a negative return on equity of 87.40%. 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 Trading Down 5.9 %
Shares of NASDAQ:INVZ traded down $0.05 during trading on Thursday, hitting $0.73. 8,006,477 shares of the company were exchanged, compared to its average volume of 14,750,387. The stock has a market cap of $100.00 million, a price-to-earnings ratio of -1.15 and a beta of 0.72. The firm has a fifty day moving average price of $1.47 and a two-hundred day moving average price of $0.98. Innoviz Technologies has a fifty-two week low of $0.45 and a fifty-two week high of $3.14.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on INVZ shares. Westpark Capital restated a "buy" rating and issued a $2.22 price target on shares of Innoviz Technologies in a research note on Tuesday. Cantor Fitzgerald downgraded shares of Innoviz Technologies from an "overweight" rating to a "neutral" rating in a research report on Thursday, November 14th. Rosenblatt Securities reissued a "buy" rating and set a $4.00 price target on shares of Innoviz Technologies in a research report on Thursday. Finally, The Goldman Sachs Group dropped their price objective on Innoviz Technologies from $1.00 to $0.75 and set a "neutral" rating for the company in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $3.19.
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About Innoviz Technologies
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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.
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