The price of Rivian Automotive Inc (NASDAQ:RIVN) shares last traded on Wall Street rose 3.04% to $16.29.
RIVN stock price is now 30.69% away from the 50-day moving average and 30.83% away from the 200-day moving average. The market capitalization of the company currently stands at $18.68B.
With the price target maintained at $16, Jefferies recently Downgraded its rating from Buy to Hold for Rivian Automotive Inc (NASDAQ: RIVN). On March 20, 2025, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $19 to quote $13, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, McDonough Claire, Chief Financial Officer sold 17,185 shares of the company’s stock on May 16 ’25. The stock was sold for $264,477 at an average price of $15.39. Upon completion of the transaction, the Chief Financial Officer now directly owns 824,875 shares in the company, valued at $13.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’25, Chief Executive Officer Scaringe Robert J sold 107,144 shares of the business’s stock. A total of $1,633,946 was realized by selling the stock at an average price of $15.25. This leaves the insider owning 1,483,111 shares of the company worth $24.16 million. A total of 33.14% of the company’s stock is owned by insiders.
During the past 12 months, Rivian Automotive Inc has had a low of $9.50 and a high of $18.85. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 3.73, and a quick ratio of 2.80.
The net profit margin was -76.83% and return on equity was -53.82% for RIVN.
