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The closing price of Rivian Automotive Inc (NASDAQ: RIVN) was $17.94 for the day, up 2.51% from the previous closing price of $17.50. In other words, the price has increased by $2.51 from its previous closing price. On the day, 43.81 million shares were traded. RIVN stock price reached its highest trading level at $18.35 during the session, while it also had its lowest trading level at $17.27.
Ratios:
Our analysis of RIVN’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 12 ’24 when Scaringe Robert J sold 200,000 shares for $18.00 per share. The transaction valued at 3,600,220 led to the insider holds 909,691 shares of the business.
Scaringe Robert J sold 71,429 shares of RIVN for $1,069,649 on Jul 08 ’24. The Chief Executive Officer now owns 909,691 shares after completing the transaction at $14.97 per share. On Jun 25 ’24, another insider, Scaringe Robert J, who serves as the Chief Executive Officer of the company, sold 71,429 shares for $11.25 each. As a result, the insider received 803,576 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 17856040960 and an Enterprise Value of 14981045248. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.59 while its Price-to-Book (P/B) ratio in mrq is 2.21. Its current Enterprise Value per Revenue stands at 3.01 whereas that against EBITDA is -3.147.
Stock Price History:
The Beta on a monthly basis for RIVN is 2.16, which has changed by -0.27748692 over the last 52 weeks, in comparison to a change of 0.24125004 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 49.73%, while the 200-Day Moving Average is calculated to be 21.60%.
Shares Statistics:
RIVN traded an average of 45.85M shares per day over the past three months and 59210070 shares per day over the past ten 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 44.87% stake in the company. Shares short for RIVN as of 1719532800 were 132785067 with a Short Ratio of 2.90, compared to 1717113600 on 133477368. Therefore, it implies a Short% of Shares Outstanding of 132785067 and a Short% of Float of 18.48.
