Innoviz Technologies (NASDAQ:INVZ) Issues Earnings Results

Innoviz Technologies (NASDAQ:INVZ) posted its earnings results on Wednesday. The company reported ($0.11) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.11), Zacks reports. Innoviz Technologies had a negative return on equity of 87.40% and a negative net margin of 321.53%. The firm had revenue of $6.03 million during the quarter, compared to analysts’ expectations of $5.86 million. Innoviz Technologies updated its FY 2025 guidance to EPS.

Innoviz Technologies Stock Up 2.3 %

Shares of INVZ stock traded up $0.02 during trading on Friday, reaching $0.75. The company’s stock had a trading volume of 3,361,840 shares, compared to its average volume of 14,454,353. The business has a fifty day moving average price of $1.47 and a 200-day moving average price of $0.98. The company has a market cap of $102.27 million, a price-to-earnings ratio of -1.16 and a beta of 0.72. Innoviz Technologies has a one year low of $0.45 and a one year high of $3.14.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Cantor Fitzgerald lowered Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group dropped their price objective on shares of Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Westpark Capital reaffirmed a “buy” rating and issued a $2.22 price objective on shares of Innoviz Technologies in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $4.00 target price on shares of Innoviz Technologies in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $3.19.

Innoviz Technologies Company Profile

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.