On Monday, Rivian Automotive Inc (NASDAQ: RIVN) was 0.10% up from the session before settling in for the closing price of $10.06. A 52-week range for RIVN has been $8.26 – $24.61.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 770.49%. When this article was written, the company’s average yearly earnings per share was at 15.33%. With a float of $730.47 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 -44.98%, operating margin of -123.25%, and the pretax margin is -121.34%.
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 27.57%, while institutional ownership is 44.31%. 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
According to the Wall Street analysts, stocks earnings will be around 15.33% 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 3.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.60, a number that is poised to hit -0.68 in the next quarter and is forecasted to reach -2.82 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 72.69 million was superior to 39.73 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 17.96%. Additionally, its Average True Range was 0.80.
During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 6.09%, which indicates a significant decrease from 15.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 101.86% in the past 14 days, which was higher than the 66.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.03, while its 200-day Moving Average is $12.12. Now, the first resistance to watch is $10.58. This is followed by the second major resistance level at $11.08. The third major resistance level sits at $11.45. If the price goes on to break the first support level at $9.71, it is likely to go to the next support level at $9.34. Assuming the price breaks the second support level, the third support level stands at $8.84.
Rivian Automotive Inc (NASDAQ: RIVN) Key Stats
There are 1,008,274K outstanding shares of the company, which has a market capitalization of 10.03 billion. As of now, sales total 4,434 M while income totals -5,432 M. Its latest quarter income was 874,000 K while its last quarter net income were -1,100 M.
