Rivian Automotive Inc (NASDAQ: RIVN) kicked off on Monday, up 0.48% from the previous trading day, before settling in for the closing price of $10.44. Over the past 52 weeks, RIVN has traded in a range of $8.26-$24.61.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 770.49%. While this was happening, its average annual earnings per share was recorded 14.90%. With a float of $730.44 million, this company’s outstanding shares have now reached $960.00 million.
The extent of productivity of a business whose workforce counts for 16790 workers is very important to gauge. In terms of profitability, gross margin is -42.52%, operating margin of -117.27%, and the pretax margin is -115.46%.
Rivian Automotive Inc (RIVN) Insider and Institutional Ownership
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 47.61%. The most recent insider transaction that took place on Sep 23 ’24, was worth 969,588. In this transaction Chief Executive Officer of this company sold 83,333 shares at a rate of $11.64, taking the stock ownership to the 886,526 shares. Before that another transaction happened on Sep 23 ’24, when Company’s Officer proposed sale 83,333 for $11.64, making the entire transaction worth $969,588.
Rivian Automotive Inc (RIVN) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 14.90% per share during the next fiscal year.
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 2.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.95, a number that is poised to hit -0.94 in the next quarter and is forecasted to reach -2.88 in one year’s time.
Technical Analysis of Rivian Automotive Inc (RIVN)
The latest stats from [Rivian Automotive Inc, RIVN] show that its last 5-days average volume of 41.43 million was superior to 40.27 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 28.44%. Additionally, its Average True Range was 0.68.
During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 7.36%, which indicates a significant decrease from 17.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.78% in the past 14 days, which was lower than the 72.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.24, while its 200-day Moving Average is $13.37. Now, the first resistance to watch is $10.62. This is followed by the second major resistance level at $10.76. The third major resistance level sits at $10.94. If the price goes on to break the first support level at $10.30, it is likely to go to the next support level at $10.12. The third support level lies at $9.98 if the price breaches the second support level.
Rivian Automotive Inc (NASDAQ: RIVN) Key Stats
The company with the Market Capitalisation of 10.58 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.
