Innoviz: Heading Towards A Long-Awaited Inflection Point
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Innoviz Technologies is showing potential with significant Lidar deals expected to start production by 2026. However, the stock has been volatile and risks a reverse split if it can't maintain a price above $1. The company's cash burn rate is down, but its low cash balance poses a risk until major programs commence.
December 20, 2024 | 2:30 pm
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Innoviz Technologies is at a critical juncture with promising Lidar deals but faces stock volatility and potential reverse split risks. The company's reduced cash burn is positive, but its low cash balance remains a concern until 2026.
Innoviz Technologies is facing a volatile stock price, risking a reverse split if it falls below $1. While the company has promising Lidar deals starting in 2026, its current low cash balance is a concern. The reduced cash burn rate is a positive sign, but the financial risks remain until the major programs begin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100