How to Buy Innoviz Technologies Stock
Innoviz Technologies Ltd
Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles.
Innoviz Technologies stock last closed at $1.01, up 4.99% from the previous day, and has decreased 62.59% in one year. It has underperformed other stocks in the Auto Parts industry by 0.54 percentage points. Innoviz Technologies stock is currently +7.45% from its 52-week low of $0.94, and -76.97% from its 52-week high of $4.39.
As of Apr 24, 2024, there are 165.39M INVZ shares outstanding. The market value of INVZ is $167.04M. In the last 24 hours, 2.53M INVZ shares were traded.
How to Buy Innoviz Technologies Stock
Not sure how to invest in Innoviz Technologies stock? Here's how.
- Figure out where to buy Innoviz Technologies stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Innoviz Technologies stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your information.
- Research Innoviz Technologies stock: The Innoviz Technologies ticker symbol is INVZ. Is Innoviz Technologies stock a good investment? Should you buy shares of INVZ? How do INVZ's underlying business fundamentals look? Do top analysts think Innoviz Technologies is a good buy? Why has INVZ's stock price moved recently? (Hint: Our stock market research website can help you understand if INVZ is a good stock to buy).
- Make your INVZ buy order: Decide if you will purchase INVZ shares at the current market price or use a limit order to buy INVZ shares at a given price.
- Keep tabs on your INVZ position: Create a watchlist to get live updates on your position in Innoviz Technologies shares.
Step 1: Figure out where to buy Innoviz Technologies stock
You will need a brokerage account to access the NASDAQ market and buy INVZ shares.
Our preferred brokerage: eToro
We believe that eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world markets: From Tech to Healthcare, New York to London — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you can buy INVZ stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open a new brokerage account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've opened your account on the best app for stock investing, your next step is to transfer the money for your investment:
Check out the video below to see the process of transferring money into your brokerage account.
Step 4: Research Innoviz Technologies stock
After you have selected the best place to buy Innoviz Technologies stock, it's very important to research their stock before you buy, so you truly understand the risk and upside.
Innoviz Technologies quick stats
INVZ Due Diligence Checks
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on INVZ's stock page.
Is INVZ stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge INVZ's intrinsic value.
Using relative valuations ratios:
- INVZ could be undervalued based on its P/B ratio of 1.09x, relative to Auto Parts industry P/B ratio of 1.8x
You can do additional valuation research on INVZ's stock here.
INVZ Financial Health Overview
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the INVZ balance sheet.
- There are more short-term assets than long-term liabilities on the INVZ balance sheet.
- INVZ has cash burn of 99632000. It has enough cash and short-term investments to cover this for at least one year.
- Total INVZ debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- INVZ has $145.42M in cash and short term investments. This is not sufficient to cover its annual cash burn of $99.63M.
- INVZ profit margin has gone up by 15.14 percentage points in the past year, but the company is still unprofitable.
- INVZ has a relatively high debt to equity ratio of 0.43.
Is INVZ stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 Equities analysts who monitor INVZ, the consensus analyst rating on INVZ is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Innoviz Technologies stock forecast page.
Metrics for Advanced INVZ Traders
Is INVZ Making Money?
Last year, INVZ revenue was $20.88M. During the past five year, INVZ's revenue has increased by 220.22% per year. This was faster than the Auto Parts industry average of 10.73%.
You can analyze INVZ's earnings and revenue performance here.
Who is buying/selling INVZ?
In the last 12 months, executives and large shareholders at INVZ have not bought or sold any shares.
Learn more about who owns INVZ shares here.
Can I get consistent income from INVZ stock?
No, Innoviz Technologies doesn't provide an income stream by paying out dividends.
What do other traders have to say about INVZ?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your INVZ buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at a particular dollar amount limit, place a limit order.
Hit the Open Trade button and eToro will execute the order.
If you need additional help buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your INVZ position
Now that you own some shares in INVZ, you'll want to keep up with your new investment.
Create a watchlist to keep track of your INVZ stock.
INVZ Feed
How to Buy Stock in Innoviz Technologies
To reiterate, here are the 6 steps you need to take to buy Innoviz Technologies stock right now:
- Figure out where to buy Innoviz Technologies stock
- Sign up for your brokerage account
- Fund your brokerage account
- Research Innoviz Technologies stock
- Make your INVZ buy order
- Keep tabs on your INVZ position
If you require a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Innoviz Technologies, add INVZ to your watchlist below.
Other Content You Might Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.