A share price of Rivian Automotive Inc [RIVN] is currently trading at $14.36, up 2.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RIVN shares have gain 6.13% over the last week, with a monthly amount drifted -11.41%, and not 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.
Rivian Automotive Inc experienced fluctuations in its stock price throughout the past year between $8.26 and $24.87. 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 $14.36 at the most recent close of the market. An investor can expect a potential return of 136.14% based on the average RIVN price forecast.
Analyzing the RIVN fundamentals
Trailing Twelve Months sales for Rivian Automotive Inc [NASDAQ:RIVN] were 5.01B which represents 3.30% growth. Gross Profit Margin for this corporation currently stands at -0.43% with Operating Profit Margin at -1.17%, Pretax Profit Margin comes in at -1.15%, and Net Profit Margin reading is -1.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.38, Equity is -0.67 and Total Capital is -0.44. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.87.
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 13.81 points at the first support level, and at 13.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.81, and for the 2nd resistance point, it is at 15.27.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rivian Automotive Inc [NASDAQ:RIVN] is 5.25. As well, the Quick Ratio is 4.01, while the Cash Ratio is 2.76. Considering the valuation of this stock, the price to sales ratio is 2.89, the price to book ratio is 2.12.
Transactions by insiders
Recent insider trading involved McDonough Claire, Chief Financial Officer, that happened on Aug 16 ’24 when 3210.0 shares were sold. Chief Executive Officer, Scaringe Robert J completed a deal on Jul 22 ’24 to sell 71429.0 shares. Meanwhile, Chief Executive Officer Scaringe Robert J sold 0.2 million shares on Jul 12 ’24.
