IB Net Payout Yields Model

Innoviz: Recovering From Devastating Capital Raise

Update - Oct. 31, 2023

Innoviz is seeing a nice bounce about a week after the company confirmed strong guidance for the 2H. The Lidar forecast Q3 sales doubling sequentially, ye the stock trades at all-time lows. 

Finviz Chart

Original article published on Oct. 12

  • Innoviz Technologies Ltd. completed a capital raise below the market price, causing the stock to plunge.
  • The Lidar company eventually needed more capital to fund its business, but the timing and pricing of the offering spooked the market.
  • Innoviz has boosted its revenue forecasts and has potential for growth, but investor confidence has been reduced.
As with all speculative growth stocks, the last couple of months have been brutal for Innoviz Technologies Ltd. (NASDAQ:INVZ), which didn't help their cause with an unwarranted (in my view) capital raise, causing the stock to plunge. My investment thesis is ultra Bullish on the stock, but Innoviz has a lot to prove in the quarters ahead.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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