Insider’s View: Deciphering Rivian Automotive Inc (RIVN)’s Financial Health Through Ratios

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The price of Rivian Automotive Inc (NASDAQ: RIVN) closed at $14.89 in the last session, up 6.97% from day before closing price of $13.92. In other words, the price has increased by $6.97 from its previous closing price. On the day, 87.86 million shares were traded. RIVN stock price reached its highest trading level at $15.18 during the session, while it also had its lowest trading level at $13.9499.

Ratios:

We take a closer look at RIVN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.55 and its Current Ratio is at 4.71. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.59.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 25 ’24 when Scaringe Robert J sold 71,429 shares for $11.25 per share. The transaction valued at 803,576 led to the insider holds 909,691 shares of the business.

Scaringe Robert J sold 71,429 shares of RIVN for $820,891 on Jun 10 ’24. The Chief Executive Officer now owns 909,691 shares after completing the transaction at $11.49 per share. On May 16 ’24, another insider, McDonough Claire, who serves as the Chief Financial Officer of the company, sold 3,210 shares for $10.25 each. As a result, the insider received 32,902 and left with 405,422 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 14703800320 and an Enterprise Value of 11945318400. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.98 while its Price-to-Book (P/B) ratio in mrq is 1.83. Its current Enterprise Value per Revenue stands at 2.4 whereas that against EBITDA is -2.509.

Stock Price History:

The Beta on a monthly basis for RIVN is 2.08, which has changed by -0.27116984 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, RIVN has reached a high of $28.06, while it has fallen to a 52-week low of $8.26. The 50-Day Moving Average of the stock is 39.12%, while the 200-Day Moving Average is calculated to be -1.03%.

Shares Statistics:

According to the various share statistics, RIVN traded on average about 43.76M shares per day over the past 3-months and 82859140 shares per day over the past 10 days. A total of 960.00M shares are outstanding, with a floating share count of 717.41M. Insiders hold about 27.92% of the company’s shares, while institutions hold 44.82% stake in the company. Shares short for RIVN as of 1718323200 were 132616725 with a Short Ratio of 3.03, compared to 1715731200 on 136149687. Therefore, it implies a Short% of Shares Outstanding of 132616725 and a Short% of Float of 18.459999999999997.

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