Rivian Automotive Inc (NASDAQ: RIVN) kicked off on Monday, up 1.71% from the previous trading day, before settling in for the closing price of $11.71. Over the past 52 weeks, RIVN has traded in a range of $8.26-$24.87.
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Annual sales at Consumer Cyclical sector company grew by 770.49% over the past five years. While this was happening, its average annual earnings per share was recorded 15.32%. With a float of $730.44 million, this company’s outstanding shares have now reached $960.00 million.
Let’s look at the performance matrix of the company that is accounted for 16790 employees.
Rivian Automotive Inc (RIVN) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Auto Manufacturers Industry. The insider ownership of Rivian Automotive Inc is 27.55%, while institutional ownership is 47.57%. The most recent insider transaction that took place on Sep 23 ’24, was worth 969,588. Before that another transaction happened on Sep 12 ’24, when Company’s Chief Executive Officer sold 83,333 for $13.68, making the entire transaction worth $1,140,012. This insider now owns 886,526 shares in total.
Rivian Automotive Inc (RIVN) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -1.19 earnings per share (EPS), higher than consensus estimate (set at -1.32) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.32% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 0.67% during the next five years compared to -86.59% drop over the previous five years of trading.
Rivian Automotive Inc (NASDAQ: RIVN) Trading Performance Indicators
Take a look at Rivian Automotive Inc’s (RIVN) current performance indicators. Last quarter, stock had a quick ratio of 4.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.95, a number that is poised to hit -0.93 in the next quarter and is forecasted to reach -2.86 in one year’s time.
Technical Analysis of Rivian Automotive Inc (RIVN)
Rivian Automotive Inc (NASDAQ: RIVN) saw its 5-day average volume 38.62 million, a negative change from its year-to-date volume of 40.31 million. As of the previous 9 days, the stock’s Stochastic %D was 15.99%. Additionally, its Average True Range was 0.81.
During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 30.65%, which indicates a significant increase from 18.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.29% in the past 14 days, which was lower than the 72.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.44, while its 200-day Moving Average is $13.86. Nevertheless, the first resistance level for the watch stands at $12.26 in the near term. At $12.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.03. If the price goes on to break the first support level at $11.49, it is likely to go to the next support level at $11.06. Assuming the price breaks the second support level, the third support level stands at $10.72.
Rivian Automotive Inc (NASDAQ: RIVN) Key Stats
The company with the Market Capitalisation of 12.01 billion has total of 995,320K Shares Outstanding. Its annual sales at the moment are 4,434 M in contrast with the sum of -5,432 M annual income. Company’s last quarter sales were recorded 1,158 M and last quarter income was -1,457 M.
