After finishing at $10.91 in the prior trading day, Rivian Automotive Inc (NASDAQ: RIVN) closed at $10.93, up 0.18%. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 35593060 shares were traded. RIVN stock price reached its highest trading level at $11.19 during the session, while it also had its lowest trading level at $10.64.
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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.
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, Truist on February 26, 2024, Downgraded its rating to Hold and sets its target price to $11 from $26 previously.
On February 23, 2024, UBS Downgraded its rating to Sell which previously was Buy and also lowered its target price recommendation from $24 to $8.
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 Feb 16 when McDonough Claire sold 2,946 shares for $16.20 per share. The transaction valued at 47,725 led to the insider holds 155,749 shares of the business.
McDonough Claire sold 3,265 shares of RIVN for $55,766 on Nov 16. The Chief Financial Officer now owns 173,030 shares after completing the transaction at $17.08 per share. On Sep 15, another insider, McDonough Claire, who serves as the Chief Financial Officer of the company, sold 3,265 shares for $24.24 each. As a result, the insider received 79,144 and left with 173,030 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 10.68B and an Enterprise Value of 6.43B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 1.45 whereas that against EBITDA is -1.50.
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 $10.05. The 50-Day Moving Average of the stock is 16.77, while the 200-Day Moving Average is calculated to be 18.89.
Shares Statistics:
The stock has traded on average 39.90M shares per day over the past 3-months and 70.83M shares per day over the last 10 days, according to various share statistics. A total of 960.00M shares are outstanding, with a floating share count of 687.88M. Insiders hold about 28.94% of the company’s shares, while institutions hold 50.99% stake in the company. Shares short for RIVN as of Feb 15, 2024 were 112.44M with a Short Ratio of 2.82, compared to 104.86M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.04% and a Short% of Float of 21.29%.
Earnings Estimates
Its stock is currently analyzed by 15 different market analysts. On average, analysts expect EPS of -$1.15 for the current quarter, with a high estimate of -$1.04 and a low estimate of -$1.32, while EPS last year was -$1.25. The consensus estimate for the next quarter is -$1.13, with high estimates of -$0.85 and low estimates of -$1.41.
Analysts are recommending an EPS of between -$3.35 and -$5.29 for the fiscal current year, implying an average EPS of -$4.03. EPS for the following year is -$2.46, with 16 analysts recommending between -$0.81 and -$5.6.
Revenue Estimates
16 analysts predict $1.11B in revenue for the current quarter. It ranges from a high estimate of $1.24B to a low estimate of $1.04B. As of the current estimate, Rivian Automotive Inc’s year-ago sales were $661M, an estimated increase of 68.20% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $958.65M, a decrease of -4.10% less than the figure of $68.20% in the same quarter last year. There is a high estimate of $1.26B for the next quarter, whereas the lowest estimate is $449.44M.
A total of 21 analysts have provided revenue estimates for RIVN’s current fiscal year. The highest revenue estimate was $5.64B, while the lowest revenue estimate was $4.32B, resulting in an average revenue estimate of $4.83B. In the same quarter a year ago, actual revenue was $4.43B, up 8.90% from the average estimate. Based on 21 analysts’ estimates, the company’s revenue will be $7.97B in the next fiscal year. The high estimate is $11.33B and the low estimate is $5.88B. The average revenue growth estimate for next year is up 65.00% from the average revenue estimate for this year.
