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The closing price of Rivian Automotive Inc (NASDAQ: RIVN) was $10.07 for the day, up 0.10% from the previous closing price of $10.06. In other words, the price has increased by $0.10 from its previous closing price. On the day, 51.26 million shares were traded. RIVN stock price reached its highest trading level at $10.7199 during the session, while it also had its lowest trading level at $9.85.
Ratios:
Our analysis of RIVN’s different ratios will help us gain a deeper understanding of the company. 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, BofA Securities on November 08, 2024, Downgraded its rating to Neutral and sets its target price to $13 from $20 previously.
On September 25, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $16 to $13.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 23 ’24 when Scaringe Robert J sold 83,333 shares for $11.64 per share. The transaction valued at 969,588 led to the insider holds 886,526 shares of the business.
ROBERT J. SCARINGE bought 83,333 shares of RIVN for $969,588 on Sep 23 ’24. On Sep 12 ’24, another insider, Scaringe Robert J, who serves as the Chief Executive Officer of the company, sold 83,333 shares for $13.68 each. As a result, the insider received 1,140,012 and left with 886,526 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 10278147072 and an Enterprise Value of 9572944896. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 2.103 whereas that against EBITDA is -2.115.
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 -8.69%, while the 200-Day Moving Average is calculated to be -16.94%.
Shares Statistics:
RIVN traded an average of 32.84M shares per day over the past three months and 58179840 shares per day over the past ten days. A total of 960.00M shares are outstanding, with a floating share count of 730.47M. Insiders hold about 27.57% of the company’s shares, while institutions hold 44.31% stake in the company. Shares short for RIVN as of 1730332800 were 135070471 with a Short Ratio of 4.11, compared to 1727654400 on 122336590. Therefore, it implies a Short% of Shares Outstanding of 135070471 and a Short% of Float of 18.16.
