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
(
Get Free Report)
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.
Featured Articles
Before you consider Innoviz Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Innoviz Technologies wasn't on the list.
While Innoviz Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
