Rivian Automotive Inc [RIVN] stock is trading at $14.37, up 1.20%. 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 gain 10.54% over the last week, with a monthly amount glided 19.45%, 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 December 09, 2024, when The Benchmark Company initiated its Buy rating and assigned the stock a price target of $18. Previously, BofA Securities downgraded its rating to Neutral on November 08, 2024, and dropped its price target to $13. On September 25, 2024, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $13 on the stock. Needham reiterated a Buy rating for this stock on June 28, 2024, and upped its price target to $20. In a note dated June 26, 2024, Wedbush reiterated an Outperform rating on this stock and boosted its target price from $15 to $20.
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 $17.42 within the next 12 months. Rivian Automotive Inc [NASDAQ: RIVN] shares were valued at $14.37 at the most recent close of the market. An investor can expect a potential return of 21.22% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.93.
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 13.94 points at the first support level, and at 13.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.60, and for the 2nd resistance point, it is at 14.84.
Ratios To Look Out For
For context, Rivian Automotive Inc’s Current Ratio is 5.09. Also, the Quick Ratio is 3.70, while the Cash Ratio stands at 2.79. Considering the valuation of this stock, the price to sales ratio is 3.26, the price to book ratio is 2.51.
Transactions by insiders
Recent insider trading involved ROBERT J. SCARINGE, Officer, that happened on Dec 12 ’24 when 71429.0 shares were purchased. Chief Financial Officer, McDonough Claire completed a deal on Nov 26 ’24 to sell 8097.0 shares. Meanwhile, Chief Executive Officer Scaringe Robert J sold 83334.0 shares on Nov 25 ’24.
