A new trading day began on Tuesday, with Rivian Automotive Inc (NASDAQ: RIVN) stock price up 4.59% from the previous day of trading, before settling in for the closing price of $10.03. RIVN’s price has ranged from $8.26 to $24.61 over the past 52 weeks.
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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%. Meanwhile, its annual earnings per share averaged 15.30%. 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 Updates
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 27.55%, while institutional ownership is 47.66%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, 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). 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 15.30% 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 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 -0.95 in the next quarter and is forecasted to reach -2.92 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 21.33 million was inferior to 39.35 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 36.10%. Additionally, its Average True Range was 0.50.
During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 7.36%, which indicates a significant decrease from 59.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.65% in the past 14 days, which was lower than the 67.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.22, while its 200-day Moving Average is $12.71. Now, the first resistance to watch is $10.68. This is followed by the second major resistance level at $10.87. The third major resistance level sits at $11.20. If the price goes on to break the first support level at $10.15, it is likely to go to the next support level at $9.82. Assuming the price breaks the second support level, the third support level stands at $9.63.
Rivian Automotive Inc (NASDAQ: RIVN) Key Stats
With a market capitalization of 10.58 billion, the company has a total of 995,320K Shares Outstanding. Currently, annual sales are 4,434 M while annual income is -5,432 M. The company’s previous quarter sales were 1,158 M while its latest quarter income was -1,457 M.
