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After finishing at $13.76 in the prior trading day, Rivian Automotive Inc (NASDAQ: RIVN) closed at $13.21, down -4.00%. In other words, the price has decreased by -$4.00 from its previous closing price. On the day, 36.99 million shares were traded. RIVN stock price reached its highest trading level at $13.77 during the session, while it also had its lowest trading level at $13.01.
Ratios:
Our goal is to gain a better understanding of RIVN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.01 and its Current Ratio is at 5.25. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.86.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on June 28, 2024, Reiterated its Buy rating but revised its target price to $20 from $13 previously.
On June 26, 2024, Wedbush reiterated its Outperform rating and also lowered its target price recommendation from $15 to $20.
Cantor Fitzgerald reiterated its Overweight rating for the stock on June 26, 2024, while the target price for the stock was revised from $15 to $19.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 22 ’24 when Scaringe Robert J sold 71,429 shares for $17.02 per share. The transaction valued at 1,215,750 led to the insider holds 909,691 shares of the business.
Scaringe Robert J sold 200,000 shares of RIVN for $3,600,220 on Jul 12 ’24. The Chief Executive Officer now owns 909,691 shares after completing the transaction at $18.00 per share. On Jul 08 ’24, another insider, Scaringe Robert J, who serves as the Chief Executive Officer of the company, sold 71,429 shares for $14.97 each. As a result, the insider received 1,069,649 and left with 909,691 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RIVN now has a Market Capitalization of 13319246848 and an Enterprise Value of 11582295040. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.66 while its Price-to-Book (P/B) ratio in mrq is 1.95. Its current Enterprise Value per Revenue stands at 2.31 whereas that against EBITDA is -2.413.
Stock Price History:
Over the past 52 weeks, RIVN has reached a high of $24.87, while it has fallen to a 52-week low of $8.26. The 50-Day Moving Average of the stock is -7.69%, while the 200-Day Moving Average is calculated to be -7.60%.
Shares Statistics:
The stock has traded on average 41.43M shares per day over the past 3-months and 32006400 shares per day over the last 10 days, according to various share statistics. A total of 960.00M shares are outstanding, with a floating share count of 726.08M. Insiders hold about 27.91% of the company’s shares, while institutions hold 48.19% stake in the company. Shares short for RIVN as of 1722384000 were 119324539 with a Short Ratio of 2.88, compared to 1719532800 on 132785067. Therefore, it implies a Short% of Shares Outstanding of 119324539 and a Short% of Float of 16.309999.
