The stock of Rivian Automotive Inc (NASDAQ: RIVN) has increased by 1.89 when compared to last closing price of 16.39. Despite this, the company has experienced a 8.44% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-17 that It takes guts and conviction to invest in electric vehicle (EV) manufacturer Rivian Automotive (NASDAQ: RIVN ). Yet, RIVN stock could make a multi-bagger move in the coming quarters.
Is It Worth Investing in Rivian Automotive Inc (NASDAQ: RIVN) Right Now?
while the 36-month beta value is 1.96.Analysts have differing opinions on the stock, with 14 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 1 as “sell.”
The average price point forecasted by analysts for Rivian Automotive Inc (RIVN) is $26.62, which is $9.92 above the current market price. The public float for RIVN is 665.94M, and currently, short sellers hold a 15.80% ratio of that floaft. The average trading volume of RIVN on November 20, 2023 was 36.51M shares.
RIVN’s Market Performance
The stock of Rivian Automotive Inc (RIVN) has seen a 8.44% increase in the past week, with a -2.68% drop in the past month, and a -21.15% fall in the past quarter. The volatility ratio for the week is 6.40%, and the volatility levels for the past 30 days are at 6.60% for RIVN. The simple moving average for the last 20 days is 0.35% for RIVN stock, with a simple moving average of -7.90% for the last 200 days.
Analysts’ Opinion of RIVN
Many brokerage firms have already submitted their reports for RIVN stocks, with Cantor Fitzgerald repeating the rating for RIVN by listing it as a “Overweight.” The predicted price for RIVN in the upcoming period, according to Cantor Fitzgerald is $29 based on the research report published on October 27, 2023 of the current year 2023.
RIVN Trading at -14.51% 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 -49.02% of loss for the given period.
Volatility was left at 6.60%, however, over the last 30 days, the volatility rate increased by 6.40%, as shares sank -0.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.71% lower at present.
During the last 5 trading sessions, RIVN rose by +8.44%, which changed the moving average for the period of 200-days by -20.02% in comparison to the 20-day moving average, which settled at $16.64. In addition, Rivian Automotive Inc saw -9.39% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at RIVN starting from McDonough Claire, who sale 3,265 shares at the price of $17.08 back on Nov 16. After this action, McDonough Claire now owns 173,030 shares of Rivian Automotive Inc, valued at $55,766 using the latest closing price.
McDonough Claire, the Chief Financial Officer of Rivian Automotive Inc, sale 3,265 shares at $24.24 during a trade that took place back on Sep 15, which means that McDonough Claire is holding 173,030 shares at $79,144 based on the most recent closing price.
Stock Fundamentals for RIVN
Current profitability levels for the company are sitting at:
- -413.51 for the present operating margin
- -199.03 for the gross margin
The net margin for Rivian Automotive Inc stands at -407.24. The total capital return value is set at -37.66, while invested capital returns managed to touch -37.20. Equity return is now at value -43.52, with -31.76 for asset returns.
Based on Rivian Automotive Inc (RIVN), the company’s capital structure generated 11.67 points at debt to equity in total, while total debt to capital is 10.45. Total debt to assets is 9.01, with long-term debt to equity ratio resting at 11.17. Finally, the long-term debt to capital ratio is 10.01.
When we switch over and look at the enterprise to sales, we see a ratio of 1.59, with the company’s debt to enterprise value settled at 0.23. The receivables turnover for the company is 25.91 and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.42.
In a nutshell, Rivian Automotive Inc (RIVN) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.