Rivian Automotive Inc (NASDAQ:RIVN) shares traded 2.92% higher at $14.44 on Wall Street last session.
RIVN stock price is now 6.86% away from the 50-day moving average and 14.54% away from the 200-day moving average. The market capitalization of the company currently stands at $14.74B.
With the price target of $6.10, Bernstein recently initiated with Underperform rating for Rivian Automotive Inc (NASDAQ: RIVN). On December 18, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $18 to quote $16, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Scaringe Robert J, Chief Executive Officer sold 35,713 shares of the company’s stock on Jan 21 ’25. The stock was sold for $491,414 at an average price of $13.76. Upon completion of the transaction, the Chief Executive Officer now directly owns 863,361 shares in the company, valued at $12.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, Officer ROBERT J. SCARINGE bought 35,713 shares of the business’s stock. A total of $491,414 was incurred on buying the stock at an average price of $13.76. A total of 27.24% of the company’s stock is owned by insiders.
During the past 12 months, Rivian Automotive Inc has had a low of $8.26 and a high of $18.85. As of last week, the company has a debt-to-equity ratio of 0.99, a current ratio of 5.09, and a quick ratio of 3.70.
The net profit margin was -121.38% and return on equity was -67.16% for RIVN. The company reported revenue of $874.0 million for the quarter, compared to $1.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.63 percent.
