Rivian Automotive Inc [RIVN] stock prices are down -0.12% to $16.25 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RIVN shares have lost -3.85% over the last week, with a monthly amount glided 35.87%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rivian Automotive Inc [NASDAQ: RIVN] stock has seen the most recent analyst activity on June 28, 2024, when Needham reiterated its Buy rating and also boosted its price target to $20 from $13. Previously, Wedbush reaffirmed its Outperform rating on June 26, 2024, and elevated its price target to $20. On June 26, 2024, Cantor Fitzgerald reiterated its Overweight rating and revised its price target to $19 on the stock. Guggenheim started tracking the stock assigning a Buy rating and suggested a price target of $18 on June 25, 2024. Needham reiterated its recommendation of a Buy and reduced its price target to $13 on April 18, 2024. UBS upgraded its rating to Neutral for this stock on April 16, 2024, but kept the price target unchanged to $9. In a note dated March 25, 2024, Mizuho downgraded an Neutral rating on this stock but restated the target price of $12.
The stock price of Rivian Automotive Inc [RIVN] has been fluctuating between $8.26 and $28.06 over the past year. Currently, Wall Street analysts expect the stock to reach $33.91 within the next 12 months. Rivian Automotive Inc [NASDAQ: RIVN] shares were valued at $16.25 at the most recent close of the market. An investor can expect a potential return of 108.68% based on the average RIVN price forecast.
Analyzing the RIVN fundamentals
The Rivian Automotive Inc [NASDAQ:RIVN] reported sales of 4.98B for trailing twelve months, representing a surge of 82.15%. Gross Profit Margin for this corporation currently stands at -0.41% with Operating Profit Margin at -1.16%, Pretax Profit Margin comes in at -1.11%, and Net Profit Margin reading is -1.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.35, Equity is -0.56 and Total Capital is -0.43. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.77 points at the first support level, and at 15.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.82, and for the 2nd resistance point, it is at 17.38.
Ratios To Look Out For
It’s worth pointing out that Rivian Automotive Inc [NASDAQ:RIVN]’s Current Ratio is 4.71. Also, the Quick Ratio is 3.55, while the Cash Ratio stands at 2.49. Considering the valuation of this stock, the price to sales ratio is 3.25, the price to book ratio is 2.00.
Transactions by insiders
Recent insider trading involved Scaringe Robert J, Chief Executive Officer, that happened on Jul 22 ’24 when 71429.0 shares were sold. Chief Executive Officer, Scaringe Robert J completed a deal on Jul 12 ’24 to sell 0.2 million shares. Meanwhile, Chief Executive Officer Scaringe Robert J sold 71429.0 shares on Jul 08 ’24.
