After finishing at $9.13 in the prior trading day, Rivian Automotive Inc (NASDAQ: RIVN) closed at $8.40, down -8.00%. On the day, 81754328 shares were traded.
Ratios:
Our goal is to gain a better understanding of RIVN by taking a closer look at its different ratios. 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.
On March 15, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $15 to $21.
On March 07, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $16.Jefferies initiated its Buy rating on March 07, 2024, with a $16 target price.
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 0.89.
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 $9.08.
Shares Statistics:
A total of 960.00M shares are outstanding, with a floating share count of 700.33M. Insiders hold about 28.35% of the company’s shares, while institutions hold 50.56% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Rivian Automotive, Inc. different market analysts. The consensus estimate for the next quarter is $56.81, with high estimates of $11.30 and low estimates of $53.37.
Analysts are recommending an EPS of between $Financial Services and $Healthcare for the fiscal current year, implying an average EPS of $Technology.
