Rivian Automotive Inc [RIVN] stock is trading at $12.03, up 13.71%. 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 23.89% over the last week, with a monthly amount glided 18.52%, 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 November 08, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $13 from $20. Previously, Morgan Stanley downgraded its rating to Equal-Weight on September 25, 2024, and dropped its price target to $13. Needham reiterated its recommendation of a Buy and raised its price target to $20 on June 28, 2024. Wedbush reiterated a Outperform rating for this stock on June 26, 2024, and upped its price target to $20. In a note dated June 26, 2024, Cantor Fitzgerald reiterated an Overweight rating on this stock and boosted its target price from $15 to $19.
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 $30.96 within the next 12 months. Rivian Automotive Inc [NASDAQ: RIVN] shares were valued at $12.03 at the most recent close of the market. An investor can expect a potential return of 157.36% based on the average RIVN price forecast.
Analyzing the RIVN fundamentals
Rivian Automotive Inc [NASDAQ:RIVN] reported sales of 4.55B for the trailing twelve months, which represents a drop of -34.63%. Gross Profit Margin for this corporation currently stands at -0.45% with Operating Profit Margin at -1.23%, Pretax Profit Margin comes in at -1.21%, and Net Profit Margin reading is -1.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.39, Equity is -0.74 and Total Capital is -0.45. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.06.
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 11.29 points at the first support level, and at 10.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.93, and for the 2nd resistance point, it is at 13.84.
Ratios To Look Out For
For context, Rivian Automotive Inc’s Current Ratio is 5.09. As well, the Quick Ratio is 3.70, while the Cash Ratio is 2.79. Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 2.10.
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.
