Innoviz Technologies (INVZ) Projected to Post Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Innoviz Technologies to post earnings of ($0.11) per share and revenue of $5.86 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Innoviz Technologies Stock Performance

Shares of NASDAQ:INVZ opened at $0.92 on Wednesday. The firm has a market cap of $125.39 million, a PE ratio of -1.44 and a beta of 0.72. Innoviz Technologies has a 52 week low of $0.45 and a 52 week high of $3.14. The firm’s fifty day moving average is $1.49 and its 200-day moving average is $0.97.

Analyst Upgrades and Downgrades

INVZ has been the topic of a number of analyst reports. Westpark Capital assumed coverage on Innoviz Technologies in a research report on Wednesday, November 27th. They issued a “buy” rating and a $1.30 price target on the stock. The Goldman Sachs Group cut their price objective on Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Rosenblatt Securities raised shares of Innoviz Technologies from a “neutral” rating to a “buy” rating and increased their target price for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, Cantor Fitzgerald downgraded shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $3.01.

About Innoviz Technologies

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.