Why Investors Shouldn’t Be Surprised By Innoviz Technologies Ltd.’s (NASDAQ:INVZ) 29% Share Price Surge
Innoviz Technologies Ltd. (NASDAQ:INVZ) shares have continued their recent momentum with a 29% gain in the last month alone. The last month tops off a massive increase of 219% in the last year.
Following the firm bounce in price, when almost half of the companies in the United States’ Electronic industry have price-to-sales ratios (or “P/S”) below 2.8x, you may consider Innoviz Technologies as a stock not worth researching with its 12.7x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
