A share price of Rivian Automotive Inc [RIVN] is currently trading at $11.60, up 13.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The RIVN shares have gain 15.19% over the last week, with a monthly amount glided 11.00%, 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 experienced fluctuations in its stock price throughout the past year between $8.26 and $24.61. 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 $11.60 at the most recent close of the market. An investor can expect a potential return of 166.9% based on the average RIVN price forecast.
Analyzing the RIVN fundamentals
Trailing Twelve Months sales for Rivian Automotive Inc [NASDAQ:RIVN] were 4.55B which represents -34.63% decline. 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 0.93.
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 10.77 points at the first support level, and at 9.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.13, and for the 2nd resistance point, it is at 12.67.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rivian Automotive Inc [NASDAQ:RIVN] is 5.09. On the other hand, the Quick Ratio is 3.70, and the Cash Ratio is 2.79. Considering the valuation of this stock, the price to sales ratio is 2.66, the price to book ratio is 2.02.
Transactions by insiders
Recent insider trading involved ROBERT J. SCARINGE, Officer, that happened on Nov 25 ’24 when 83334.0 shares were purchased. Chief Financial Officer, McDonough Claire completed a deal on Nov 18 ’24 to sell 3210.0 shares. Meanwhile, Chief Executive Officer Scaringe Robert J sold 83333.0 shares on Sep 23 ’24.
