Innoviz Technologies (INVZ) to Release Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ) is expected to be releasing 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 that wish to register for the company’s earnings conference call can do so using this link.

Innoviz Technologies Stock Performance

INVZ stock opened at $0.85 on Monday. The firm has a market cap of $116.37 million, a PE ratio of -1.34 and a beta of 0.72. The firm’s fifty day moving average is $1.50 and its 200 day moving average is $0.98. Innoviz Technologies has a one year low of $0.45 and a one year high of $3.14.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INVZ. Westpark Capital began coverage on shares of Innoviz Technologies in a research report on Wednesday, November 27th. They set a “buy” rating and a $1.30 price target on the stock. The Goldman Sachs Group decreased 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. Rosenblatt Securities raised shares of Innoviz Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $3.25 to $4.00 in a report on Friday, December 20th. Finally, Cantor Fitzgerald downgraded shares of Innoviz Technologies from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Innoviz Technologies currently has an average rating of “Moderate Buy” and a consensus target price 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.