Innoviz Technologies (INVZ) Stock Price, News & Analysis

Company Overview

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. It also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as an option to integrate the perception application in the LiDAR sensor; and perception application, a software application that raw point cloud data from Innoviz LiDAR products into perception outputs. The company operates in Europe, Asia Pacific, the Middle East, Africa, and North America. It markets and sells its products through a direct sales organization, as well as through distribution channels. The company is headquartered in Rosh Haayin, Israel.

Key Stats

• Today's Range: $0.52 to $0.54
• 50-Day Range: $0.49 to $0.83
• 52-Week Range: $0.45 to $2.99
• Volume: 862,828 shs
• Average Volume: 2.06 million shs
• Market Capitalization: $71.24 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $3.80
• Consensus Rating: Hold

Innoviz Technologies Stock Analysis - MarketRank™

Innoviz Technologies scored higher than 48% of companies evaluated by MarketBeat, and ranked 57th out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Innoviz Technologies has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Innoviz Technologies has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Innoviz Technologies are expected to grow in the coming year, from ($0.64) to ($0.39) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Innoviz Technologies is -0.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Innoviz Technologies is -0.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Innoviz Technologies has a P/B Ratio of 0.56. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.83% of the float of Innoviz Technologies has been sold short.

Short Interest Ratio / Days to Cover

Innoviz Technologies has a short interest ratio ("days to cover") of 9.3.

Change versus previous month

Short interest in Innoviz Technologies has recently increased by 2.52%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Innoviz Technologies does not currently pay a dividend.

Dividend Growth

Innoviz Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.83% of the float of Innoviz Technologies has been sold short.

Short Interest Ratio / Days to Cover

Innoviz Technologies has a short interest ratio ("days to cover") of 9.3.

Change versus previous month

Short interest in Innoviz Technologies has recently increased by 2.52%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.03

News Sentiment

Innoviz Technologies has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Innoviz Technologies this week, compared to 3 articles on an average week.

Search Interest

7 people have searched for INVZ on MarketBeat in the last 30 days.

MarketBeat Follows

Only 7 people have added Innoviz Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Innoviz Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

11.20% of the stock of Innoviz Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

63.26% of the stock of Innoviz Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

INVZ Stock Analysis - Frequently Asked Questions

How have INVZ shares performed this year?

Innoviz Technologies' stock was trading at $2.53 on January 1st, 2024. Since then, INVZ shares have decreased by 79.3% and is now trading at $0.5231.
View the best growth stocks for 2024 here.

How were Innoviz Technologies' earnings last quarter?

Innoviz Technologies Ltd. (NASDAQ:INVZ) released its quarterly earnings data on Wednesday, August, 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by $0.01. The firm had revenue of $6.66 million for the quarter, compared to analysts' expectations of $4.77 million. Innoviz Technologies had a negative trailing twelve-month return on equity of 87.40% and a negative net margin of 321.53%.

Who are Innoviz Technologies' major shareholders?

Top institutional investors of Innoviz Technologies include Polar Asset Management Partners Inc. (2.36%), State Street Corp (0.60%), Barclays PLC (0.15%) and Barclays PLC (0.15%).

How do I buy shares of Innoviz Technologies?

Shares of INVZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Innoviz Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Innoviz Technologies investors own include Saia (SAIA), Rambus (RMBS), Humana (HUM), Enovix (ENVX), NVIDIA (NVDA), American Water Works (AWK) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicle parts & accessories
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:INVZ
• CUSIP: N/A
• CIK: 1835654
• Web: www.innoviz.tech
• Phone: 972-74-700-3692
• Fax: N/A
• Employees: 400
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $3.80
• High Stock Price Target: $7.00
• Low Stock Price Target: $0.75
• Potential Upside/Downside: +626.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.64)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-123,450,000.00
• Net Margins: -321.53%
• Pretax Margin: -320.77%
• Return on Equity: -87.40%
• Return on Assets: -59.62%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.64
• Quick Ratio: 3.59

Sales & Book Value

• Annual Sales: $33.16 million
• Price / Sales: 2.15
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.93 per share
• Price / Book: 0.56

Miscellaneous

• Outstanding Shares: 136,185,000
• Free Float: 120,932,000
• Market Cap: $71.24 million
• Optionable: Optionable
• Beta: 1.06