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After finishing at $13.15 in the prior trading day, Rivian Automotive Inc (NASDAQ: RIVN) closed at $13.28, up 0.99%. In other words, the price has increased by $0.99 from its previous closing price. On the day, 17.77 million shares were traded. RIVN stock price reached its highest trading level at $13.8 during the session, while it also had its lowest trading level at $13.01.
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 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 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:
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 Aug 16 ’24 when McDonough Claire sold 3,210 shares for $13.57 per share. The transaction valued at 43,560 led to the insider holds 392,662 shares of the business.
Scaringe Robert J sold 71,429 shares of RIVN for $1,215,750 on Jul 22 ’24. The Chief Executive Officer now owns 909,691 shares after completing the transaction at $17.02 per share. On Jul 12 ’24, another insider, Scaringe Robert J, who serves as the Chief Executive Officer of the company, sold 200,000 shares for $18.00 each. As a result, the insider received 3,600,220 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 13389826048 and an Enterprise Value of 11521798144. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.67 while its Price-to-Book (P/B) ratio in mrq is 1.96. Its current Enterprise Value per Revenue stands at 2.298 whereas that against EBITDA is -2.4.
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 -10.82%, while the 200-Day Moving Average is calculated to be -5.96%.
Shares Statistics:
The stock has traded on average 40.52M shares per day over the past 3-months and 25535220 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 726.90M. Insiders hold about 27.91% of the company’s shares, while institutions hold 47.58% stake in the company. Shares short for RIVN as of 1723680000 were 124922034 with a Short Ratio of 3.08, compared to 1721001600 on 126655574. Therefore, it implies a Short% of Shares Outstanding of 124922034 and a Short% of Float of 17.080000000000002.
