In the latest session, Rivian Automotive Inc (NASDAQ: RIVN) closed at $11.40 up 3.26% from its previous closing price of $11.04. In other words, the price has increased by $+0.36 from its previous closing price. On the day, 38962819 shares were traded.
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Ratios:
For a deeper understanding of Rivian Automotive Inc’s stock, let’s take a closer look at its various 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, Piper Sandler on March 15, 2024, Upgraded its rating to Overweight and sets its target price to $21 from $15 previously.
On March 07, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $16.
Truist Downgraded its Buy to Hold on February 26, 2024, whereas the target price for the stock was revised from $26 to $11.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 11.14B and an Enterprise Value of 6.89B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at 1.55 whereas that against EBITDA is -1.61.
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 14.61, while the 200-Day Moving Average is calculated to be 18.77.
Shares Statistics:
For the past three months, RIVN has traded an average of 42.69M shares per day and 60.25M over the past ten days. A total of 960.00M shares are outstanding, with a floating share count of 687.92M. Insiders hold about 28.93% of the company’s shares, while institutions hold 50.99% stake in the company. Shares short for RIVN as of Feb 29, 2024 were 122.38M with a Short Ratio of 2.87, compared to 101.8M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 12.52% and a Short% of Float of 21.40%.
Earnings Estimates
There are 16 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$1.15 for the current quarter, with a high estimate of -$1.04 and a low estimate of -$1.33, while EPS last year was -$1.25. The consensus estimate for the next quarter is -$1.12, with high estimates of -$0.85 and low estimates of -$1.43.
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 -$2.52, with 19 analysts recommending between -$0.81 and -$5.6.
Revenue Estimates
A total of 17 analysts believe the company’s revenue will be $1.13B this quarter.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 70.30% from the year-ago figure. For the next quarter, 17 analysts are estimating revenue of $965.42M, a decrease of -3.50% less than the figure of $70.30% 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 23 analysts have provided revenue estimates for RIVN’s current fiscal year. The highest revenue estimate was $5.64B, while the lowest revenue estimate was $4.3B, resulting in an average revenue estimate of $4.82B. In the same quarter a year ago, actual revenue was $4.43B, up 8.80% from the average estimate. Based on 23 analysts’ estimates, the company’s revenue will be $7.52B in the next fiscal year. The high estimate is $9.53B and the low estimate is $5.11B. The average revenue growth estimate for next year is up 55.90% from the average revenue estimate for this year.
