INVZ vs. GOEV, CVGI, AEVA, SUP, CAAS, MPAA, STRT, CPS, XOS, and CPTN
Should you be buying Innoviz Technologies stock or one of its competitors? The main competitors of Innoviz Technologies include Canoo (GOEV), Commercial Vehicle Group (CVGI), Aeva Technologies (AEVA), Superior Industries International (SUP), China Automotive Systems (CAAS), Motorcar Parts of America (MPAA), Strattec Security (STRT), Cooper-Standard (CPS), XOS (XOS), and Cepton (CPTN). These companies are all part of the "motor vehicle parts & accessories" industry.
Innoviz Technologies (NASDAQ:INVZ) and Canoo (NASDAQ:GOEV) are both small-cap auto/tires/trucks companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, community ranking, valuation, media sentiment, earnings, analyst recommendations, risk, institutional ownership and dividends.
Canoo has a net margin of 0.00% compared to Innoviz Technologies' net margin of -441.23%. Innoviz Technologies' return on equity of -79.64% beat Canoo's return on equity.
Innoviz Technologies has higher revenue and earnings than Canoo. Innoviz Technologies is trading at a lower price-to-earnings ratio than Canoo, indicating that it is currently the more affordable of the two stocks.
63.3% of Innoviz Technologies shares are owned by institutional investors. Comparatively, 36.2% of Canoo shares are owned by institutional investors. 11.2% of Innoviz Technologies shares are owned by insiders. Comparatively, 9.7% of Canoo shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Canoo received 5 more outperform votes than Innoviz Technologies when rated by MarketBeat users. However, 51.72% of users gave Innoviz Technologies an outperform vote while only 51.28% of users gave Canoo an outperform vote.
Innoviz Technologies has a beta of 1.07, indicating that its share price is 7% more volatile than the S&P 500. Comparatively, Canoo has a beta of 1.26, indicating that its share price is 26% more volatile than the S&P 500.
Innoviz Technologies currently has a consensus target price of $3.94, indicating a potential upside of 222.75%. Canoo has a consensus target price of $23.79, indicating a potential upside of 755.82%. Given Canoo's higher possible upside, analysts plainly believe Canoo is more favorable than Innoviz Technologies.
In the previous week, Canoo had 18 more articles in the media than Innoviz Technologies. MarketBeat recorded 29 mentions for Canoo and 11 mentions for Innoviz Technologies. Innoviz Technologies' average media sentiment score of 0.13 beat Canoo's score of -0.20 indicating that Innoviz Technologies is being referred to more favorably in the media.
Summary
Innoviz Technologies and Canoo tied by winning 9 of the 18 factors compared between the two stocks.
This chart shows the number of new MarketBeat users adding INVZ and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Innoviz Technologies Competitors List
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