INVZ vs. GOEV, CVGI, AEVA, SUP, CAAS, MPAA, STRT, CPS, XOS, and CPTN
Should you be buying Innoviz Technologies stock or one of its competitors? The main competitors of Innoviz Technologies include Canoo (GOEV), Commercial Vehicle Group (CVGI), Aeva Technologies (AEVA), Superior Industries International (SUP), China Automotive Systems (CAAS), Motorcar Parts of America (MPAA), Strattec Security (STRT), Cooper-Standard (CPS), XOS (XOS), and Cepton (CPTN). These companies are all part of the "motor vehicle parts & accessories" industry.
Innoviz Technologies (NASDAQ:INVZ) and Canoo (NASDAQ:GOEV) are both small-cap auto/tires/trucks companies, but which is the superior stock? We will contrast the two companies based on the strength of their earnings, risk, analyst recommendations, dividends, valuation, community ranking, profitability, media sentiment and institutional ownership.
63.3% of Innoviz Technologies shares are owned by institutional investors. Comparatively, 36.2% of Canoo shares are owned by institutional investors. 11.2% of Innoviz Technologies shares are owned by company insiders. Comparatively, 9.7% of Canoo shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
In the previous week, Canoo had 22 more articles in the media than Innoviz Technologies. MarketBeat recorded 29 mentions for Canoo and 7 mentions for Innoviz Technologies. Innoviz Technologies' average media sentiment score of 0.13 beat Canoo's score of -0.20 indicating that Innoviz Technologies is being referred to more favorably in the media.
Innoviz Technologies has higher revenue and earnings than Canoo. Innoviz Technologies is trading at a lower price-to-earnings ratio than Canoo, indicating that it is currently the more affordable of the two stocks.
Innoviz Technologies currently has a consensus price target of $3.94, suggesting a potential upside of 230.88%. Canoo has a consensus price target of $23.79, suggesting a potential upside of 758.90%. Given Canoo's higher possible upside, analysts plainly believe Canoo is more favorable than Innoviz Technologies.
Innoviz Technologies has a beta of 1.07, meaning that its stock price is 7% more volatile than the S&P 500. Comparatively, Canoo has a beta of 1.26, meaning that its stock price is 26% more volatile than the S&P 500.
Canoo received 5 more outperform votes than Innoviz Technologies when rated by MarketBeat users. However, 51.72% of users gave Innoviz Technologies an outperform vote while only 51.28% of users gave Canoo an outperform vote.
Canoo has a net margin of 0.00% compared to Innoviz Technologies' net margin of -441.23%. Innoviz Technologies' return on equity of -79.64% beat Canoo's return on equity.
Summary
Innoviz Technologies and Canoo tied by winning 9 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding INVZ and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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