Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Rivian Automotive Inc (NASDAQ: RIVN) closed at $10.25 in the last session, down -0.77% from day before closing price of $10.33. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 94.06 million shares were traded. RIVN stock price reached its highest trading level at $11.215 during the session, while it also had its lowest trading level at $10.07.
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 3.90 and its Current Ratio is at 4.95. In the meantime, Its Debt-to-Equity ratio is 0.54 whereas as Long-Term Debt/Eq ratio is at 0.53.
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 April 18, 2024, Reiterated its Buy rating but revised its target price to $13 from $18 previously.
On April 16, 2024, UBS Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $9.
Mizuho Downgraded its Buy to Neutral on March 25, 2024, while the target price for the stock was maintained at $12.
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 Mar 11 ’24 when Baker Jeff sold 31,425 shares for $13.18 per share. The transaction valued at 414,219 led to the insider holds 52,415 shares of the business.
Gruner Kjell sold 19,935 shares of RIVN for $255,367 on Mar 08 ’24. The Chief Commercial Officer now owns 407,787 shares after completing the transaction at $12.81 per share. On Feb 16 ’24, another insider, McDonough Claire, who serves as the Chief Financial Officer of the company, sold 2,946 shares for $16.20 each. As a result, the insider received 47,725 and left with 155,749 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 10202030080 and an Enterprise Value of 5578362368. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 1.258 whereas that against EBITDA is -1.162.
Stock Price History:
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 -1.30%, while the 200-Day Moving Average is calculated to be -40.92%.
Shares Statistics:
According to the various share statistics, RIVN traded on average about 46.26M shares per day over the past 3-months and 33266120 shares per day over the past 10 days. A total of 960.00M shares are outstanding, with a floating share count of 713.32M. Insiders hold about 28.33% of the company’s shares, while institutions hold 52.45% stake in the company. Shares short for RIVN as of 1713139200 were 131407647 with a Short Ratio of 2.84, compared to 1710460800 on 119442148. Therefore, it implies a Short% of Shares Outstanding of 131407647 and a Short% of Float of 22.98.
