Innoviz Technologies Ltd [INVZ] stock prices are up 28.64% to $0.69 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The INVZ shares have gain 25.69% over the last week, with a monthly amount drifted -0.72%, 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 November 14, 2024, when Cantor Fitzgerald downgraded its rating to a Neutral. Previously, Goldman downgraded its rating to Neutral on July 11, 2024, and dropped its price target to $1. On October 25, 2022, Rosenblatt initiated with a Neutral rating and assigned a price target of $5 on the stock. JP Morgan initiated its recommendation with a Overweight and recommended $22 as its price target on September 20, 2022. Goldman upgraded its rating to Buy for this stock on November 17, 2021, and upped its price target to $9. In a note dated May 25, 2021, Berenberg initiated an Buy rating and provided a target price of $13 on this stock.
The stock price of Innoviz Technologies Ltd [INVZ] has been fluctuating between $0.45 and $2.99 over the past year. 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 $0.69 at the most recent close of the market. An investor can expect a potential return of 721.74% based on the average INVZ price forecast.
Analyzing the INVZ fundamentals
The Innoviz Technologies Ltd [NASDAQ:INVZ] reported sales of 33.16M for trailing twelve months, representing a surge of 29.77%. Gross Profit Margin for this corporation currently stands at -0.12% with Operating Profit Margin at -3.45%, Pretax Profit Margin comes in at -3.21%, and Net Profit Margin reading is -3.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.74, Equity is -0.87 and Total Capital is -0.97.
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 0.5664 points at the first support level, and at 0.4477 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7698, and for the 2nd resistance point, it is at 0.8545.
Ratios To Look Out For
It’s worth pointing out that Innoviz Technologies Ltd [NASDAQ:INVZ]’s Current Ratio is 3.64. As well, the Quick Ratio is 3.59, while the Cash Ratio is 1.07. Considering the valuation of this stock, the price to sales ratio is 3.50.
