On Friday, Rivian Automotive Inc (NASDAQ: RIVN) was 0.79% up from the session before settling in for the closing price of $10.10. A 52-week range for RIVN has been $8.26 – $24.61.
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A company in the Consumer Cyclical sector has jumped its sales by 770.49% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 15.04%. With a float of $730.44 million, this company’s outstanding shares have now reached $960.00 million.
In an organization with 16790 employees, it is important to assess its efficiency. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Rivian Automotive Inc stocks. The insider ownership of Rivian Automotive Inc is 27.56%, while institutional ownership is 47.78%. 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
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -1.19 earnings per share (EPS) during the time that was better than consensus figure (set at -1.32) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.04% per share during the next fiscal year.
Rivian Automotive Inc (NASDAQ: RIVN) Trading Performance Indicators
You can see what Rivian Automotive Inc (RIVN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 4.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.06.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 24.21 million. That was inferior than the volume of 38.8 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.71%. Additionally, its Average True Range was 0.50.
During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 3.93%, which indicates a significant decrease from 21.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.19% in the past 14 days, which was lower than the 67.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.75, while its 200-day Moving Average is $12.40. However, in the short run, Rivian Automotive Inc’s stock first resistance to watch stands at $10.37. Second resistance stands at $10.56. The third major resistance level sits at $10.68. If the price goes on to break the first support level at $10.06, it is likely to go to the next support level at $9.94. Assuming the price breaks the second support level, the third support level stands at $9.75.
Rivian Automotive Inc (NASDAQ: RIVN) Key Stats
There are 1,008,274K outstanding shares of the company, which has a market capitalization of 10.35 billion. As of now, sales total 4,434 M while income totals -5,432 M. Its latest quarter income was 1,158 M while its last quarter net income were -1,457 M.
