The price of Rivian Automotive Inc (NASDAQ: RIVN) closed at $10.44 in the last session, up 3.37% from day before closing price of $10.10. In other words, the price has increased by $+0.34 from its previous closing price. On the day, 28616244 shares were traded.
Ratios:
We take a closer look at RIVN’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
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 10.21B and an Enterprise Value of 5.96B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.30 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 1.34 whereas that against EBITDA is -1.40.
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 $10.01. The 50-Day Moving Average of the stock is 12.78, while the 200-Day Moving Average is calculated to be 18.50.
Shares Statistics:
According to the various share statistics, RIVN traded on average about 43.32M shares per day over the past 3-months and 37.1M shares per day over the past 10 days. A total of 960.00M shares are outstanding, with a floating share count of 694.82M. Insiders hold about 28.92% of the company’s shares, while institutions hold 50.56% stake in the company. Shares short for RIVN as of Mar 15, 2024 were 119.44M with a Short Ratio of 2.76, compared to 112.44M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.22% and a Short% of Float of 20.89%.
Earnings Estimates
The company has 16 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$1.15 for the current quarter, with a high estimate of -$1.04 and a low estimate of -$1.31, while EPS last year was -$1.25. The consensus estimate for the next quarter is -$1.11, with high estimates of -$0.85 and low estimates of -$1.38.
Analysts are recommending an EPS of between -$3.35 and -$5.21 for the fiscal current year, implying an average EPS of -$4.04. EPS for the following year is -$2.53, with 20 analysts recommending between -$0.81 and -$5.6.
Revenue Estimates
According to 17 analysts, the current quarter’s revenue is expected to be $1.14B. It ranges from a high estimate of $1.37B 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 72.30% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $965.07M, a decrease of -3.50% less than the figure of $72.30% 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 24 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 9.00% from the average estimate. Based on 24 analysts’ estimates, the company’s revenue will be $7.48B in the next fiscal year. The high estimate is $9.53B and the low estimate is $5.1B. The average revenue growth estimate for next year is up 54.80% from the average revenue estimate for this year.
