Innoviz Technologies (NASDAQ:INVZ - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.11), Zacks reports. Innoviz Technologies had a negative return on equity of 87.40% and a negative net margin of 321.53%. The company had revenue of $6.03 million during the quarter, compared to the consensus estimate of $5.86 million. Innoviz Technologies updated its FY 2025 guidance to EPS.
Innoviz Technologies Stock Performance
NASDAQ INVZ traded up $0.00 during trading hours on Friday, hitting $0.74. 5,501,757 shares of the company traded hands, compared to its average volume of 14,515,616. The business's 50-day moving average is $1.46 and its 200-day moving average is $0.98. Innoviz Technologies has a twelve month low of $0.45 and a twelve month high of $3.14. The stock has a market capitalization of $100.65 million, a price-to-earnings ratio of -1.15 and a beta of 0.72.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on INVZ shares. Westpark Capital reiterated a "buy" rating and set a $2.22 price objective on shares of Innoviz Technologies in a report on Tuesday, February 25th. The Goldman Sachs Group decreased 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. Rosenblatt Securities reiterated a "buy" rating and set a $4.00 price objective on shares of Innoviz Technologies in a report on Thursday. Finally, Cantor Fitzgerald downgraded Innoviz Technologies from an "overweight" rating to a "neutral" rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $3.19.
Get Our Latest Analysis on Innoviz Technologies
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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