At the time of writing, Rivian Automotive Inc [RIVN] stock is trading at $14.44, up 3.59%. An important factor to consider is whether the stock is rising or falling in short-term value. The RIVN shares have gain 1.62% over the last week, with a monthly amount glided 0.49%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Rivian Automotive Inc [NASDAQ: RIVN] stock has seen the most recent analyst activity on December 18, 2024, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $16 from $18. Previously, The Benchmark Company started tracking the stock with Buy rating on December 09, 2024, and set its price target to $18. On November 08, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $13 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $13 on September 25, 2024. In a note dated June 28, 2024, Needham reiterated an Buy rating on this stock and boosted its target price from $13 to $20.
For the past year, the stock price of Rivian Automotive Inc fluctuated between $8.26 and $18.85. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. Rivian Automotive Inc [NASDAQ: RIVN] shares were valued at $14.44 at the most recent close of the market. An investor can expect a potential return of 0.42% based on the average RIVN price forecast.
Analyzing the RIVN fundamentals
According to Rivian Automotive Inc [NASDAQ:RIVN], the company’s sales were 4.55B for trailing twelve months, which represents an -34.63% plunge. 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 14.04 points at the first support level, and at 13.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.75, and for the 2nd resistance point, it is at 15.06.
Ratios To Look Out For
It is important to note that Rivian Automotive Inc [NASDAQ:RIVN] has a current ratio of 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 3.24, the price to book ratio is 2.52.
Transactions by insiders
Recent insider trading involved Scaringe Robert J, Chief Executive Officer, that happened on Jan 06 ’25 when 71429.0 shares were sold. Officer, ROBERT J. SCARINGE completed a deal on Jan 06 ’25 to buy 71429.0 shares. Meanwhile, Chief Executive Officer Scaringe Robert J sold 71429.0 shares on Dec 23 ’24.
