A share price of Rivian Automotive Inc [RIVN] is currently trading at $12.77, down -0.78%. 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 2.82% over the last week, with a monthly amount drifted -22.56%, and not 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 January 29, 2025, when Bernstein initiated its Underperform rating and assigned the stock a price target of $6.10. Previously, Robert W. Baird downgraded its rating to Neutral on December 18, 2024, and dropped its price target to $16. On December 09, 2024, The Benchmark Company initiated with a Buy rating and assigned a price target of $18 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $13 on November 08, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $13 on September 25, 2024.
Rivian Automotive Inc experienced fluctuations in its stock price throughout the past year between $8.26 and $18.85. Currently, Wall Street analysts expect the stock to reach $14.14 within the next 12 months. Rivian Automotive Inc [NASDAQ: RIVN] shares were valued at $12.77 at the most recent close of the market. An investor can expect a potential return of 10.73% 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 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 12.63 points at the first support level, and at 12.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.99, and for the 2nd resistance point, it is at 13.21.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rivian Automotive Inc [NASDAQ:RIVN] 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 2.86, the price to book ratio is 2.23.
Transactions by insiders
Recent insider trading involved Scaringe Robert J, Chief Executive Officer, that happened on Jan 21 ’25 when 35713.0 shares were sold. Officer, ROBERT J. SCARINGE completed a deal on Jan 21 ’25 to buy 35713.0 shares. Meanwhile, Chief Executive Officer Scaringe Robert J sold 71429.0 shares on Jan 06 ’25.
