Innoviz Technologies (INVZ) to Release Earnings on Wednesday

Innoviz Technologies (NASDAQ:INVZ) is set to issue its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Innoviz Technologies Trading Down 6.5 %

Shares of NASDAQ INVZ opened at $0.60 on Tuesday. The firm’s 50-day moving average is $0.71 and its 200-day moving average is $0.86. Innoviz Technologies has a 1 year low of $0.50 and a 1 year high of $2.99. The firm has a market capitalization of $81.76 million, a PE ratio of -0.90 and a beta of 1.06.

Analyst Upgrades and Downgrades

INVZ has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $3.25 price objective on shares of Innoviz Technologies in a report on Tuesday, September 10th. Westpark Capital reissued a “buy” rating and set a $6.00 target price on shares of Innoviz Technologies in a research note on Tuesday, August 6th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $2.00 target price on shares of Innoviz Technologies in a research report on Monday, September 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.85.

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.