Rivian Automotive Inc [RIVN] stock is trading at $10.45, up 0.19%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The RIVN shares have gain 4.08% over the last week, with a monthly amount drifted -6.45%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Rivian Automotive Inc [NASDAQ: RIVN] stock has seen the most recent analyst activity on September 25, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $13 from $16. Needham reiterated its Buy rating and increased its price target to $20 on June 28, 2024. Wedbush reiterated its recommendation of a Outperform and raised its price target to $20 on June 26, 2024. Cantor Fitzgerald reiterated a Overweight rating for this stock on June 26, 2024, and upped its price target to $19. In a note dated June 25, 2024, Guggenheim initiated an Buy rating and provided a target price of $18 on this stock.
Rivian Automotive Inc [RIVN] stock has fluctuated between $8.26 and $24.61 over the past year. Currently, Wall Street analysts expect the stock to reach $30.92 within the next 12 months. Rivian Automotive Inc [NASDAQ: RIVN] shares were valued at $10.45 at the most recent close of the market. An investor can expect a potential return of 195.89% based on the average RIVN price forecast.
Analyzing the RIVN fundamentals
Rivian Automotive Inc [NASDAQ:RIVN] reported sales of 5.01B for the trailing twelve months, which represents a growth of 3.30%. 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 10.31 points at the first support level, and at 10.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.61, and for the 2nd resistance point, it is at 10.77.
Ratios To Look Out For
For context, Rivian Automotive Inc’s Current Ratio is 5.25. In addition, the Quick Ratio stands at 4.01 and the Cash Ratio stands at 2.76. Considering the valuation of this stock, the price to sales ratio is 2.10, the price to book ratio is 1.54.
Transactions by insiders
Recent insider trading involved Scaringe Robert J, Chief Executive Officer, that happened on Sep 23 ’24 when 83333.0 shares were sold. Officer, ROBERT J. SCARINGE completed a deal on Sep 23 ’24 to buy 83333.0 shares. Meanwhile, Chief Executive Officer Scaringe Robert J sold 83333.0 shares on Sep 12 ’24.
