Is Innoviz Technologies Ltd. (INVZ) positioned for future growth?

Innoviz Technologies Ltd. (NASDAQ: INVZ) stock fell -4.23% on Wednesday to $2.72 against a previous-day closing price of $2.84. With 1.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.82 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.8000 whereas the lowest price it dropped to was $2.5900. The 52-week range on INVZ shows that it touched its highest point at $6.21 and its lowest point at $2.09 during that stretch. It currently has a 1-year price target of $8.08.

Top 5 EV Tech Stocks to Buy for 2023

According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.

Click Here to Download the FREE Report.


Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INVZ was down-trending over the past week, with a drop of -6.53%, but this was up by 5.02% over a month. Three-month performance dropped to -36.15% while six-month performance fell -45.71%. The stock lost -33.50% in the past year, while it has lost -30.79% so far this year. A look at the trailing 12-month EPS for INVZ yields -0.94 with Next year EPS estimates of -0.83. For the next quarter, that number is -0.23. This implies an EPS growth rate of 8.50% for this year and 10.90% for next year.

Float and Shares Shorts:

At present, 136.08 million INVZ shares are outstanding with a float of 126.24 million shares on hand for trading. On May 14, 2023, short shares totaled 9.42 million, which was 6.91% higher than short shares on Apr 13, 2023. In addition to Mr. Omer David Keilaf as the firm’s Co-Founder, CEO & Director, Mr. Eldar Cegla serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 55.41% of INVZ’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 43.87% of INVZ, in contrast to 4.81% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in INVZ with 7.79% of the stake, FifthDelta Ltd. holds 10,614,413 shares worth 10,614,413. A second-largest stockholder of INVZ, Antara Capital LP, holds 7,063,829 shares, controlling over 5.19% of the firm’s shares. Citigroup Global Markets, Inc. is the third largest shareholder in INVZ, holding 5,139,862 shares or 3.77% stake.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, INVZ reported revenue of $1.80M and operating income of -$30.62M. The EBITDA in the recently reported quarter was -$28.58M and diluted EPS was -$0.23.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INVZ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With INVZ analysts setting a high price target of $13.00 and a low target of $4.50, the average target price over the next 12 months is $8.08. Based on these targets, INVZ could surge 377.94% to reach the target high and rise by 65.44% to reach the target low. Reaching the average price target will result in a growth of 197.06% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Leave a Comment

Your email address will not be published. Required fields are marked *