Innoviz Technologies stock gains after shareholders back reverse share split authority

Innoviz Technologies Ltd. stock (ISIN IL0011684751) closed at USD 0.31 on Nasdaq on September 16, 2026, up about 1.5 percent from the prior session as investors digested fresh governance decisions at the company’s latest annual shareholder meeting.

Shareholders approve reverse share split authority

According to The Globe and Mail on September 17, 2026, Innoviz Technologies held its annual general meeting on September 16, 2026 at its Israeli headquarters, where shareholders authorized the board to implement a reverse share split of ordinary shares at a ratio between 1-for-5 and 1-for-20.

At the same meeting on September 16, 2026, shareholders re-elected Amichai Steimberg, Omer Keilaf and Alexander von Witzleben as Class III directors until the 2029 annual meeting, and re-elected Yoav Har Even as a Class II director until the 2028 annual meeting, underscoring investor support for the company’s current leadership structure, as reported by The Globe and Mail.

Stock trades below recent highs

Per Nasdaq data shown on the Innoviz Technologies interactive chart page on September 18, 2026, the stock closed at USD 0.31 on September 16, 2026, compared with a pre-market indication of around USD 0.33 on September 18, 2026, highlighting a small but visible recovery from recent lows while still leaving the shares well below their earlier 52-week levels.

The same Nasdaq-based overview indicates that Innoviz Technologies shares have fluctuated within a narrow band around the USD 0.30 mark in recent sessions, and the current price leaves the stock materially below typical small-cap technology valuations on a per-share basis, a gap the board’s newly approved reverse share split authority aims to address by potentially consolidating outstanding shares.

Recent fundamentals and analyst view

In its most recent reported quarter within the last nine months, Innoviz Technologies disclosed revenue growth compared with the prior-year period, reflecting progress in commercializing its lidar technology for automotive and industrial customers, according to company investor-relations materials available via Innoviz Technologies; historical results from earlier fiscal years show significantly lower revenue levels, underlining the company’s ramp-up phase.

The same investor-relations context from Innoviz Technologies indicates that management has guided for continued revenue expansion over the current fiscal year relative to the prior year, albeit from a modest base, while still expecting operating losses as the company invests in product development and customer programs.

According to the TipRanks-based summary cited by The Globe and Mail on September 17, 2026, the most recent analyst rating on Innoviz Technologies stock is Hold with a USD 0.50 price target, implying upside of roughly 60 percent from the USD 0.31 closing price on September 16, 2026 if the target were reached.

Stock price and market context

As of the Nasdaq close on September 16, 2026, Innoviz Technologies stock traded at USD 0.31, with an intraday gain of about 1.5 percent from the prior close and modest pre-market strength indicated on September 18, 2026; at that level, the stock still sits well below the analyst price target of USD 0.50 and far under historical 52-week highs, leaving room for potential re-rating if execution and market sentiment improve.

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