Innoviz Technologies (INVZ) Expected to Announce Quarterly Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ) is expected to announce its earnings results 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. Investors that wish to listen to the company’s conference call can do so using this link.

Innoviz Technologies Price Performance

Shares of Innoviz Technologies stock opened at $0.79 on Tuesday. The business has a 50-day moving average of $1.49 and a 200-day moving average of $0.98. The company has a market capitalization of $107.57 million, a PE ratio of -1.23 and a beta of 0.72. Innoviz Technologies has a 1-year low of $0.45 and a 1-year high of $3.14.

Analysts Set New Price Targets

A number of equities analysts recently commented on INVZ shares. 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 target for the company. Cantor Fitzgerald downgraded Innoviz Technologies from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Rosenblatt Securities upgraded Innoviz Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $3.25 to $4.00 in a research note on Friday, December 20th. Finally, The Goldman Sachs Group decreased their price target on Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Two 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.01.

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.