$36.90M in average volume shows that Rivian Automotive Inc (RIVN) is heading in the right direction

On Monday, Rivian Automotive Inc (NASDAQ: RIVN) was 11.15% up from the session before settling in for the closing price of $13.00. A 52-week range for RIVN has been $8.26 – $24.61.

During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 770.49%. When this article was written, the company’s average yearly earnings per share was at 14.89%. With a float of $739.57 million, this company’s outstanding shares have now reached $1.02 billion.

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

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 27.54%, while institutional ownership is 43.91%. The most recent insider transaction that took place on Nov 26 ’24, was worth 98,783. In this transaction Chief Financial Officer of this company sold 8,097 shares at a rate of $12.20, taking the stock ownership to the 370,401 shares. Before that another transaction happened on Nov 25 ’24, when Company’s Chief Executive Officer sold 83,334 for $11.25, making the entire transaction worth $937,508. This insider now owns 863,361 shares in total.

Rivian Automotive Inc (RIVN) Earnings and Forecasts

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 14.89% 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 3.41.

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 -2.83 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 43.84 million, which is a jump from its year-to-date volume of 40.05 million. As of the previous 9 days, the stock’s Stochastic %D was 83.56%. Additionally, its Average True Range was 0.90.

During the past 100 days, Rivian Automotive Inc’s (RIVN) raw stochastic average was set at 61.42%, which indicates a significant decrease from 89.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.38% in the past 14 days, which was lower than the 68.32% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.78, while its 200-day Moving Average is $11.89. However, in the short run, Rivian Automotive Inc’s stock first resistance to watch stands at $15.15. Second resistance stands at $15.86. The third major resistance level sits at $16.72. If the price goes on to break the first support level at $13.58, it is likely to go to the next support level at $12.72. Should the price break the second support level, the third support level stands at $12.01.

Rivian Automotive Inc (NASDAQ: RIVN) Key Stats

There are 1,020,670K outstanding shares of the company, which has a market capitalization of 15.54 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.