Following these proceedings, Goldman downgraded its Innoviz Technologies Ltd [INVZ] rating to a Neutral from a a Buy in a research note published on July 11, 2024; the price target was decreased to $1 from $2.25. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who began to cover the stock in late October with a ‘”a Neutral”‘ rating. JP Morgan started covering the stock on September 20, 2022. It rated INVZ as “an Overweight”.
Price Performance Review of INVZ
On Tuesday, Innoviz Technologies Ltd [NASDAQ:INVZ] saw its stock fall -4.79% to $0.67. Over the last five days, the stock has lost -13.55%. Innoviz Technologies Ltd shares have fallen nearly -73.36% since the year began. Nevertheless, the stocks have fallen -50.07% over the past one year. While a 52-week high of $2.99 was reached on 01/02/24, a 52-week low of $0.50 was recorded on 09/06/24. SMA at 50 days reached $0.7225, while 200 days put it at $1.0873.
Levels Of Support And Resistance For INVZ Stock
The 24-hour chart illustrates a support level at 0.6570, which if violated will result in even more drops to 0.6398. On the upside, there is a resistance level at 0.7006. A further resistance level may holdings at 0.7270. The Relative Strength Index (RSI) on the 14-day chart is 37.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0618, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.59%. Stochastics %K at 13.12% indicates the stock is a buying.
How much short interest is there in Innoviz Technologies Ltd?
A steep rise in short interest was recorded in Innoviz Technologies Ltd stocks on 2024-10-15, dropping by -0.1 million shares to a total of 11.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.21 million shares. There was a decline of -0.93%, which implies that there is a negative sentiment for the stock.
