Rivian Automotive Inc (NASDAQ: RIVN) on Friday, soared 0.19% from the previous trading day, before settling in for the closing price of $10.43. Within the past 52 weeks, RIVN’s price has moved between $8.26 and $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%. The company achieved an average annual earnings per share of 15.13%. 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
Observing investor behavior towards Auto Manufacturers industry stocks is more important than anything else. The insider ownership of Rivian Automotive Inc is 27.55%, while institutional ownership is 47.67%. 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
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -1.19 earnings per share (EPS) for the period topping the consensus outlook (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 15.13% 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 4.01 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 2.10.
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 -2.93 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 23.96 million was inferior to 39.15 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 49.57%. Additionally, its Average True Range was 0.50.
During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 6.92%, which indicates a significant decrease from 51.49% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.15% in the past 14 days, which was lower than the 67.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.03, while its 200-day Moving Average is $12.58. Now, the first resistance to watch is $10.61. This is followed by the second major resistance level at $10.77. The third major resistance level sits at $10.91. If the price goes on to break the first support level at $10.31, it is likely to go to the next support level at $10.17. The third support level lies at $10.01 if the price breaches the second support level.
Rivian Automotive Inc (NASDAQ: RIVN) Key Stats
Market capitalization of the company is 10.54 billion based on 995,320K outstanding shares. Right now, sales total 4,434 M and income totals -5,432 M. The company made 1,158 M in profit during its latest quarter, and -1,457 M in sales during its previous quarter.
