In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $12.49 in the prior trading day, Rivian Automotive Inc (NASDAQ: RIVN) closed at $12.77, up 2.24%. In other words, the price has increased by $2.24 from its previous closing price. On the day, 31.4 million shares were traded. RIVN stock price reached its highest trading level at $13.19 during the session, while it also had its lowest trading level at $12.48.
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 3.70 and its Current Ratio is at 5.09. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.99.
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, Robert W. Baird on December 18, 2024, Downgraded its rating to Neutral and sets its target price to $16 from $18 previously.
On December 09, 2024, The Benchmark Company started tracking the stock assigning a Buy rating and target price of $18.
BofA Securities Downgraded its Buy to Neutral on November 08, 2024, whereas the target price for the stock was revised from $20 to $13.
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 Jan 21 ’25 when Scaringe Robert J sold 35,713 shares for $13.76 per share. The transaction valued at 491,414 led to the insider holds 863,361 shares of the business.
ROBERT J. SCARINGE bought 35,713 shares of RIVN for $491,414 on Jan 21 ’25. On Jan 06 ’25, another insider, Scaringe Robert J, who serves as the Chief Executive Officer of the company, sold 71,429 shares for $16.17 each. As a result, the insider received 1,155,093 and left with 863,361 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 13033956352 and an Enterprise Value of 12338961408. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.86 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 2.711 whereas that against EBITDA is -2.726.
Stock Price History:
The Beta on a monthly basis for RIVN is 2.02, which has changed by -0.20781636 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, RIVN has reached a high of $18.85, while it has fallen to a 52-week low of $8.26. The 50-Day Moving Average of the stock is -1.09%, while the 200-Day Moving Average is calculated to be 3.79%.
Shares Statistics:
The stock has traded on average 41.93M shares per day over the past 3-months and 36479630 shares per day over the last 10 days, according to various share statistics. A total of 1.02B shares are outstanding, with a floating share count of 742.92M. Insiders hold about 27.21% of the company’s shares, while institutions hold 43.72% stake in the company. Shares short for RIVN as of 1735603200 were 144856754 with a Short Ratio of 3.45, compared to 1732838400 on 151116543. Therefore, it implies a Short% of Shares Outstanding of 144856754 and a Short% of Float of 19.469998999999998.
