Innoviz Technologies (NASDAQ:INVZ) Trading 6.4% Higher

Innoviz Technologies Ltd. (NASDAQ:INVZGet Rating) traded up 6.4% during mid-day trading on Friday . The stock traded as high as $4.00 and last traded at $3.99. 41,703 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,543,290 shares. The stock had previously closed at $3.75.

Innoviz Technologies Stock Up 7.2 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 12.59 and a quick ratio of 12.36. The company has a market capitalization of $542.26 million, a P/E ratio of -3.35 and a beta of 0.28. The company has a 50 day moving average of $3.96 and a 200-day moving average of $3.85.

Innoviz Technologies (NASDAQ:INVZGet Rating) last posted its earnings results on Wednesday, May 11th. The company reported ($0.23) earnings per share (EPS) for the quarter. The business had revenue of $1.77 million during the quarter. Innoviz Technologies had a negative return on equity of 52.83% and a negative net margin of 2,504.39%. As a group, equities analysts anticipate that Innoviz Technologies Ltd. will post -1.14 EPS for the current year.

Institutional Trading of Innoviz Technologies

Large investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Innoviz Technologies in the fourth quarter worth about $25,000. Private Advisor Group LLC purchased a new stake in Innoviz Technologies in the fourth quarter worth about $63,000. Engineers Gate Manager LP purchased a new stake in Innoviz Technologies in the first quarter worth about $38,000. Evanson Asset Management LLC purchased a new stake in Innoviz Technologies in the first quarter worth about $43,000. Finally, Sei Investments Co. purchased a new stake in Innoviz Technologies in the first quarter worth about $47,000. 48.56% of the stock is owned by institutional investors.

About Innoviz Technologies

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Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.

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