Innoviz Technologies (INVZ) to Release Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $5.86 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Innoviz Technologies Stock Performance

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

Analyst Upgrades and Downgrades

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