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As of close of business last night, Rivian Automotive Inc’s stock clocked out at $13.50, down -1.60% from its previous closing price of $13.72. In other words, the price has decreased by -$1.60 from its previous closing price. On the day, 23.61 million shares were traded. RIVN stock price reached its highest trading level at $14.08 during the session, while it also had its lowest trading level at $13.39.
Ratios:
To gain a deeper understanding of RIVN’s stock, we examine 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.
Needham reiterated its Buy rating for the stock on June 28, 2024, while the target price for the stock was revised from $13 to $20.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 12 ’24 when ROBERT J. SCARINGE bought 83,333 shares for $13.68 per share.
McDonough Claire sold 3,210 shares of RIVN for $43,560 on Aug 16 ’24. The Chief Financial Officer now owns 392,662 shares after completing the transaction at $13.57 per share. On Jul 22 ’24, another insider, Scaringe Robert J, who serves as the Chief Executive Officer of the company, sold 71,429 shares for $17.02 each. As a result, the insider received 1,215,750 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 13611644928 and an Enterprise Value of 11874694144. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.71 while its Price-to-Book (P/B) ratio in mrq is 2.00. Its current Enterprise Value per Revenue stands at 2.368 whereas that against EBITDA is -2.474.
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 -9.32%, while the 200-Day Moving Average is calculated to be -3.68%.
Shares Statistics:
It appears that RIVN traded 40.09M shares on average per day over the past three months and 22188760 shares per day over the past ten days. A total of 960.00M shares are outstanding, with a floating share count of 730.44M. Insiders hold about 27.55% of the company’s shares, while institutions hold 47.54% stake in the company. Shares short for RIVN as of 1724976000 were 115279649 with a Short Ratio of 2.88, compared to 1722384000 on 119324539. Therefore, it implies a Short% of Shares Outstanding of 115279649 and a Short% of Float of 15.76.
