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Rivian Automotive Inc. (RIVN) Reveals an Earnings Mystery

Rivian Automotive Inc. (NASDAQ:RIVN) went down by -3.36% from its latest closing price compared to the recent 1-year high of $179.47. The company’s stock price has collected -2.07% of loss in the last five trading sessions. Barron’s reported on 09/14/22 that Rivian Sees a Sharp Boost in Demand for EVs

Is It Worth Investing in Rivian Automotive Inc. (NASDAQ :RIVN) Right Now?

Opinions of the stock are interesting as 10 analysts out of 19 who provided ratings for Rivian Automotive Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 7 rated it as “hold,” and 0 as “sell.”

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RIVN currently public float of 796.62M and currently shorts hold a 5.50% ratio of that float. Today, the average trading volume of RIVN was 17.42M shares.

RIVN’s Market Performance

RIVN stocks went down by -2.07% for the week, with a monthly jump of 5.68% and a quarterly performance of 44.59%. The volatility ratio for the week stands at 5.73% while the volatility levels for the past 30 days are set at 5.38% for Rivian Automotive Inc. The simple moving average for the period of the last 20 days is 9.07% for RIVN stocks with a simple moving average of -23.49% for the last 200 days.

Analysts’ Opinion of RIVN

Canaccord Genuity, on the other hand, stated in their research note that they expect to see RIVN reach a price target of $61. The rating they have provided for RIVN stocks is “Buy” according to the report published on July 13th, 2022.

DA Davidson gave a rating of “Underperform” to RIVN, setting the target price at $24 in the report published on June 02nd of the current year.

RIVN Trading at 10.04% from the 50-Day Moving Average

After a stumble in the market that brought RIVN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -78.86% of loss for the given period.

Volatility was left at 5.38%, however, over the last 30 days, the volatility rate increased by 5.73%, as shares surge +10.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.60% upper at present.

During the last 5 trading sessions, RIVN fell by -2.07%, which changed the moving average for the period of 200-days by -67.21% in comparison to the 20-day moving average, which settled at $34.96. In addition, Rivian Automotive Inc. saw -63.41% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RIVN starting from Baker Jeff, who sale 1,753 shares at the price of $37.27 back on Aug 15. After this action, Baker Jeff now owns 79,666 shares of Rivian Automotive Inc., valued at $65,342 using the latest closing price.

FLATLEY JAY T, the Director of Rivian Automotive Inc., purchase 40,000 shares at $29.31 during a trade that took place back on May 26, which means that FLATLEY JAY T is holding 92,616 shares at $1,172,400 based on the most recent closing price.

Stock Fundamentals for RIVN

Equity return is now at value -54.90, with -38.70 for asset returns.

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