At the time of writing, Innoviz Technologies Ltd [INVZ] stock is trading at $0.77, up 5.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The INVZ shares have gain 8.80% over the last week, with a monthly amount drifted -8.00%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Innoviz Technologies Ltd [NASDAQ: INVZ] stock has seen the most recent analyst activity on July 11, 2024, when Goldman downgraded its rating to a Neutral and also revised its price target to $1 from $2.25. Previously, Rosenblatt started tracking the stock with Neutral rating on October 25, 2022, and set its price target to $5. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $22 on September 20, 2022. Goldman upgraded its rating to a Buy and raised its price target to $9 on November 17, 2021. Berenberg started tracking with a Buy rating for this stock on May 25, 2021, and assigned it a price target of $13. In a note dated May 19, 2021, Cantor Fitzgerald initiated an Overweight rating and provided a target price of $14 on this stock.
For the past year, the stock price of Innoviz Technologies Ltd fluctuated between $0.60 and $2.99. Currently, Wall Street analysts expect the stock to reach $5.67 within the next 12 months. Innoviz Technologies Ltd [NASDAQ: INVZ] shares were valued at $0.77 at the most recent close of the market. An investor can expect a potential return of 636.36% based on the average INVZ price forecast.
Analyzing the INVZ fundamentals
According to Innoviz Technologies Ltd [NASDAQ:INVZ], the company’s sales were 32.12M for trailing twelve months, which represents an 354.57% jump. Gross Profit Margin for this corporation currently stands at -0.19% with Operating Profit Margin at -3.68%, Pretax Profit Margin comes in at -3.38%, and Net Profit Margin reading is -3.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.65, Equity is -0.76 and Total Capital is -0.85. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.7394 points at the first support level, and at 0.7088 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7913, and for the 2nd resistance point, it is at 0.8126.
Ratios To Look Out For
It is important to note that Innoviz Technologies Ltd [NASDAQ:INVZ] has a current ratio of 4.09. Also, the Quick Ratio is 4.03, while the Cash Ratio stands at 0.86. Considering the valuation of this stock, the price to sales ratio is 4.00.
