Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of Rivian Automotive Inc (NASDAQ: RIVN) closed at $14.70 in the last session, down -4.17% from day before closing price of $15.34. In other words, the price has decreased by -$4.17 from its previous closing price. On the day, 30.82 million shares were traded. RIVN stock price reached its highest trading level at $15.46 during the session, while it also had its lowest trading level at $14.58.
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 3.70 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 this company, The Benchmark Company on December 09, 2024, initiated with a Buy rating and assigned the stock a target price of $18.
On November 08, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $20 to $13.
Morgan Stanley Downgraded its Overweight to Equal-Weight on September 25, 2024, whereas the target price for the stock was revised from $16 to $13.
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 Dec 12 ’24 when Scaringe Robert J sold 71,429 shares for $13.65 per share. The transaction valued at 975,199 led to the insider holds 863,361 shares of the business.
CLAIRE MCDONOUGH bought 18,501 shares of RIVN for $277,515 on Dec 16 ’24. On Dec 12 ’24, another insider, ROBERT J. SCARINGE, who serves as the Officer of the company, bought 71,429 shares for $13.65 each.
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 15003848704 and an Enterprise Value of 14308855808. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.30 while its Price-to-Book (P/B) ratio in mrq is 2.56. Its current Enterprise Value per Revenue stands at 3.144 whereas that against EBITDA is -3.161.
Stock Price History:
Over the past 52 weeks, RIVN has reached a high of $24.61, while it has fallen to a 52-week low of $8.26. The 50-Day Moving Average of the stock is 30.91%, while the 200-Day Moving Average is calculated to be 22.66%.
Shares Statistics:
According to the various share statistics, RIVN traded on average about 39.09M shares per day over the past 3-months and 41424460 shares per day over the past 10 days. A total of 1.02B shares are outstanding, with a floating share count of 742.91M. Insiders hold about 27.21% of the company’s shares, while institutions hold 43.91% stake in the company. Shares short for RIVN as of 1732838400 were 151116543 with a Short Ratio of 3.87, compared to 1730332800 on 135070471. Therefore, it implies a Short% of Shares Outstanding of 151116543 and a Short% of Float of 20.31.
