The stock of Rivian Automotive Inc (NASDAQ:RIVN) last traded at $13.75, down -0.58% from the previous session.
RIVN stock price is now 19.88% away from the 50-day moving average and 14.42% away from the 200-day moving average. The market capitalization of the company currently stands at $14.86B.
With the price target reduced from $18 to $16, Robert W. Baird Downgraded its rating from Outperform to Neutral for Rivian Automotive Inc (NASDAQ: RIVN). On December 09, 2024, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $18, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, ROBERT J. SCARINGE, Officer bought 71,429 shares of the company’s stock on Dec 23 ’24. The stock was bought for $991,292 at an average price of $13.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Chief Financial Officer McDonough Claire sold 18,501 shares of the business’s stock. A total of $277,515 was realized by selling the stock at an average price of $15.00. This leaves the insider owning 351,900 shares of the company worth $4.84 million. A total of 27.21% 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 $24.61. 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 fifty day moving average price for RIVN is $11.4048 and a two-hundred day moving average price translates $12.011775 for the stock.
The latest earnings results from Rivian Automotive Inc (NASDAQ: RIVN) was released for 2024-09-30. 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.
