Innoviz Technologies (NASDAQ:INVZ) Reaches New 52-Week Low at $4.39

Innoviz Technologies Ltd. (NASDAQ:INVZ)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $4.39 and last traded at $4.45, with a volume of 35696 shares trading hands. The stock had previously closed at $4.72.

A number of equities research analysts have issued reports on INVZ shares. Cantor Fitzgerald restated an “overweight” rating on shares of Innoviz Technologies in a research note on Thursday, November 11th. The Goldman Sachs Group upgraded Innoviz Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $7.00 to $9.00 in a research note on Tuesday, November 16th.

The company has a debt-to-equity ratio of 0.01, a quick ratio of 16.92 and a current ratio of 17.15. The stock has a 50-day moving average price of $6.04 and a two-hundred day moving average price of $6.81.

Innoviz Technologies (NASDAQ:INVZ) last posted its quarterly earnings data on Wednesday, November 10th. The company reported ($0.20) earnings per share for the quarter. The firm had revenue of $2.08 million during the quarter. As a group, sell-side analysts predict that Innoviz Technologies Ltd. will post -2.19 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp purchased a new position in Innoviz Technologies in the 2nd quarter worth approximately $7,452,000. Cubist Systematic Strategies LLC purchased a new position in Innoviz Technologies in the 2nd quarter worth approximately $434,000. Antara Capital LP purchased a new position in Innoviz Technologies in the 2nd quarter worth approximately $73,990,000. CVI Holdings LLC purchased a new position in Innoviz Technologies in the 2nd quarter worth approximately $1,057,000. Finally, Advisor Group Holdings Inc. purchased a new position in Innoviz Technologies in the 2nd quarter worth approximately $63,000. 16.37% of the stock is currently owned by institutional investors.

Innoviz Technologies Company Profile (NASDAQ:INVZ)

Innoviz Technologies Ltd. designs and manufactures solid state LiDAR sensors and develops perception software that enable the mass-production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.

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