A new trading day began on Monday, with Rivian Automotive Inc (NASDAQ: RIVN) stock price up 4.25% from the previous day of trading, before settling in for the closing price of $10.59. RIVN’s price has ranged from $8.26 to $24.61 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 770.49%. Meanwhile, its annual earnings per share averaged 15.07%. With a float of $730.44 million, this company’s outstanding shares have now reached $960.00 million.
Let’s determine the extent of company efficiency that accounts for 16790 employees. In terms of profitability, gross margin is -44.98%, operating margin of -123.25%, and the pretax margin is -121.34%.
Rivian Automotive Inc (RIVN) Insider Activity
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 27.57%, while institutional ownership is 49.38%. 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) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -1.36 per share, which was $0.1 lower 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 -0.75 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.07% 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 3.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.60, a number that is poised to hit -0.69 in the next quarter and is forecasted to reach -2.85 in one year’s time.
Technical Analysis of Rivian Automotive Inc (RIVN)
Looking closely at Rivian Automotive Inc (NASDAQ: RIVN), its last 5-days average volume was 49.96 million, which is a jump from its year-to-date volume of 38.97 million. As of the previous 9 days, the stock’s Stochastic %D was 66.82%. Additionally, its Average True Range was 0.59.
During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 16.46%, which indicates a significant decrease from 88.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.03% in the past 14 days, which was lower than the 68.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.30, while its 200-day Moving Average is $12.25. However, in the short run, Rivian Automotive Inc’s stock first resistance to watch stands at $11.44. Second resistance stands at $11.85. The third major resistance level sits at $12.44. If the price goes on to break the first support level at $10.44, it is likely to go to the next support level at $9.85. Should the price break the second support level, the third support level stands at $9.44.
Rivian Automotive Inc (NASDAQ: RIVN) Key Stats
With a market capitalization of 11.73 billion, the company has a total of 1,008,274K 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.
