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The closing price of Rivian Automotive Inc (NASDAQ: RIVN) was $11.71 for the day, down -10.95% from the previous closing price of $13.15. In other words, the price has decreased by -$10.95 from its previous closing price. On the day, 76.94 million shares were traded. RIVN stock price reached its highest trading level at $13.14 during the session, while it also had its lowest trading level at $11.65.
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 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:
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 Sep 12 ’24 when Scaringe Robert J sold 83,333 shares for $13.68 per share. The transaction valued at 1,140,012 led to the insider holds 886,526 shares of the business.
ROBERT J. SCARINGE bought 83,333 shares of RIVN for $1,140,004 on Sep 12 ’24. On Aug 16 ’24, another insider, McDonough Claire, who serves as the Chief Financial Officer of the company, sold 3,210 shares for $13.57 each. As a result, the insider received 43,560 and left with 392,662 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 11801800704 and an Enterprise Value of 10069883904. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.35 while its Price-to-Book (P/B) ratio in mrq is 1.73. Its current Enterprise Value per Revenue stands at 2.008 whereas that against EBITDA is -2.098.
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 -20.14%, while the 200-Day Moving Average is calculated to be -15.84%.
Shares Statistics:
RIVN traded an average of 39.95M shares per day over the past three months and 28953690 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 47.57% stake in the company. Shares short for RIVN as of 1724976000 were 115279649 with a Short Ratio of 2.89, compared to 1722384000 on 119324539. Therefore, it implies a Short% of Shares Outstanding of 115279649 and a Short% of Float of 15.76.
