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Rivian Automotive Inc (NASDAQ: RIVN) closed the day trading at $11.22 down -3.28% from the previous closing price of $11.60. In other words, the price has decreased by -$3.28 from its previous closing price. On the day, 27.5 million shares were traded. RIVN stock price reached its highest trading level at $11.54 during the session, while it also had its lowest trading level at $11.145.
Ratios:
For a better understanding of RIVN, let’s 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 the company, Morgan Stanley on September 25, 2024, Downgraded its rating to Equal-Weight and sets its target price to $13 from $16 previously.
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 Sep 23 ’24 when Scaringe Robert J sold 83,333 shares for $11.64 per share. The transaction valued at 969,588 led to the insider holds 886,526 shares of the business.
ROBERT J. SCARINGE bought 83,333 shares of RIVN for $969,588 on Sep 23 ’24. On Sep 12 ’24, another insider, Scaringe Robert J, who serves as the Chief Executive Officer of the company, sold 83,333 shares for $13.68 each. As a result, the insider received 1,140,012 and left with 886,526 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 11695951872 and an Enterprise Value of 9575830528. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 1.91 whereas that against EBITDA is -1.995.
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 -19.63%, while the 200-Day Moving Average is calculated to be -18.14%.
Shares Statistics:
Over the past 3-months, RIVN traded about 35.49M shares per day on average, while over the past 10 days, RIVN traded about 38041120 shares per day. 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 47.59% stake in the company. Shares short for RIVN as of 1726185600 were 118221675 with a Short Ratio of 3.33, compared to 1723680000 on 124922034. Therefore, it implies a Short% of Shares Outstanding of 118221675 and a Short% of Float of 16.16.