Stocks of Rivian Automotive Inc (NASDAQ:RIVN) traded higher last session on Wall Street, unchanged to $11.21.
RIVN stock price is now -7.46% away from the 50-day moving average and -12.32% away from the 200-day moving average. The market capitalization of the company currently stands at $12.68B.
With the price target reduced from $19 to $13, Piper Sandler Downgraded its rating from Overweight to Neutral for Rivian Automotive Inc (NASDAQ: RIVN). On March 07, 2025, TD Cowen recently initiated its ‘Hold’ rating on the stock quoting a target price of $12.70, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, ROBERT J SCARINGE, Officer bought 71,429 shares of the company’s stock on Apr 07 ’25. The stock was bought for $803,576 at an average price of $11.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 24 ’25, Chief Executive Officer Scaringe Robert J sold 71,429 shares of the business’s stock. A total of $844,291 was realized by selling the stock at an average price of $11.82. This leaves the insider owning 853,011 shares of the company worth $9.56 million. A total of 33.00% 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 0.76, a current ratio of 4.70, and a quick ratio of 3.70. The fifty day moving average price for RIVN is $12.1134 and a two-hundred day moving average price translates $12.7854 for the stock.
The latest earnings results from Rivian Automotive Inc (NASDAQ: RIVN) was released for 2024-12-31. The net profit margin was -95.51% and return on equity was -60.48% for RIVN. The company reported revenue of $1.73 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.86 percent.
