A new trading day began on November 20, 2023, with Rivian Automotive Inc (NASDAQ: RIVN) stock priced at $16.89, up 1.38% from the previous day of trading. During the day, the shares moved up to $17.16 and dropped to $16.73 before settling in for the closing price of $16.70. RIVN’s price has ranged from $11.68 to $32.69 over the past 52 weeks.
Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 971.52%. Meanwhile, its annual earnings per share averaged 21.25%. With a float of $665.94 million, this company’s outstanding shares have now reached $918.00 million.
Considering the fact that the conglomerate employs 14122 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -199.03, operating margin of -413.51, and the pretax margin is -407.00.
Rivian Automotive Inc (RIVN) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Manufacturers Industry. The insider ownership of Rivian Automotive Inc is 30.34%, while institutional ownership is 47.15%. The most recent insider transaction that took place on Nov 16, was worth 55,766. In this transaction Chief Financial Officer of this company sold 3,265 shares at a rate of $17.08, taking the stock ownership to the 173,030 shares. Before that another transaction happened on Sep 15, when Company’s Chief Financial Officer sold 3,265 for $24.24, making the entire transaction worth $79,144. This insider now owns 173,030 shares in total.
Rivian Automotive Inc (RIVN) Recent Fiscal highlights
In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$1.19 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -407.24 while generating a return on equity of -40.54. Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 21.25% per share during the next fiscal year.
Rivian Automotive Inc (NASDAQ: RIVN) Trading Performance Indicators
Here are Rivian Automotive Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.02, a number that is poised to hit -1.34 in the next quarter and is forecasted to reach -3.72 in one year’s time.
Technical Analysis of Rivian Automotive Inc (RIVN)
Compared to the last year’s volume of 37.3 million, its volume of 37.22 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 42.56%. Additionally, its Average True Range was 1.15.
During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 13.99%, which indicates a significant decrease from 49.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.60% in the past 14 days, which was lower than the 79.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $19.28, while its 200-day Moving Average is $18.10. Nevertheless, the first resistance level for the watch stands at $17.15 in the near term. At $17.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.58. If the price goes on to break the first support level at $16.72, it is likely to go to the next support level at $16.51. Now, if the price goes above the second support level, the third support stands at $16.29.
Rivian Automotive Inc (NASDAQ: RIVN) Key Stats
With a market capitalization of 16.19 billion, the company has a total of 957,718K Shares Outstanding. Currently, annual sales are 1,658 M while annual income is -6,752 M. The company’s previous quarter sales were 1,337 M while its latest quarter income was -1,367 M.