$1.10 in average volume shows that Rivian Automotive Inc (RIVN) is heading in the right direction

Rivian Automotive Inc (NASDAQ: RIVN) on Monday, plunged -2.10% from the previous trading day, before settling in for the closing price of $16.68. Within the past 52 weeks, RIVN’s price has moved between $11.68 and $28.06.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 971.52%. The company achieved an average annual earnings per share of 20.34%. With a float of $668.77 million, this company’s outstanding shares have now reached $918.00 million.

Rivian Automotive Inc (RIVN) Insider Activity

Observing investor behavior towards Auto Manufacturers industry stocks is more important than anything else. The insider ownership of Rivian Automotive Inc is 30.04%, while institutional ownership is 49.34%. 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) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 77.99 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 20.34% per share during the next fiscal year.

Rivian Automotive Inc (NASDAQ: RIVN) Trading Performance Indicators

Rivian Automotive Inc (RIVN) is currently performing well based on its current performance indicators. A quick ratio of 3.64 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.13.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.02, a number that is poised to hit -1.35 in the next quarter and is forecasted to reach -3.88 in one year’s time.

Technical Analysis of Rivian Automotive Inc (RIVN)

Compared to the last year’s volume of 32.2 million, its volume of 37.27 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 85.20%. Additionally, its Average True Range was 0.93.

During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 16.93%, which indicates a significant decrease from 77.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.93% in the past 14 days, which was lower than the 77.40% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $18.65, while its 200-day Moving Average is $18.90. Nevertheless, the first resistance level for the watch stands at $16.80 in the near term. At $17.28, the stock is likely to face the second major resistance level. The third major resistance level sits at $17.75. If the price goes on to break the first support level at $15.85, it is likely to go to the next support level at $15.38. Should the price break the second support level, the third support level stands at $14.90.

Rivian Automotive Inc (NASDAQ: RIVN) Key Stats

Market capitalization of the company is 15.61 billion based on 957,718K outstanding shares. Right now, sales total 1,658 M and income totals -6,752 M. The company made 1,337 M in profit during its latest quarter, and -1,367 M in sales during its previous quarter.