The stock of Rivian Automotive Inc (NASDAQ: RIVN) has increased by 2.58 when compared to last closing price of 10.07. Despite this, the company has experienced a 10.13% gain in its stock price over the last five trading sessions. Schwab Network reported 2024-05-06 that U.S. E.V. makers are on deck this week.
Is It Worth Investing in Rivian Automotive Inc (NASDAQ: RIVN) Right Now?
Company’s 36-month beta value is 1.94.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RIVN is 713.32M, and currently, short sellers hold a 18.42% ratio of that floaft. The average trading volume of RIVN on May 07, 2024 was 45.94M shares.
RIVN’s Market Performance
The stock of Rivian Automotive Inc (RIVN) has seen a 10.13% increase in the past week, with a 2.28% rise in the past month, and a -30.86% fall in the past quarter. The volatility ratio for the week is 6.12%, and the volatility levels for the past 30 days are at 5.70% for RIVN. The simple moving average for the last 20 days is 11.69% for RIVN stock, with a simple moving average of -40.73% for the last 200 days.
Analysts’ Opinion of RIVN
Many brokerage firms have already submitted their reports for RIVN stocks, with Needham repeating the rating for RIVN by listing it as a “Buy.” The predicted price for RIVN in the upcoming period, according to Needham is $13 based on the research report published on April 18, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see RIVN reach a price target of $9. The rating they have provided for RIVN stocks is “Neutral” according to the report published on April 16th, 2024.
Mizuho gave a rating of “Neutral” to RIVN, setting the target price at $12 in the report published on March 25th of the current year.
RIVN Trading at -0.48% 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 -63.19% of loss for the given period.
Volatility was left at 5.70%, however, over the last 30 days, the volatility rate increased by 6.12%, as shares sank -1.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.58% upper at present.
During the last 5 trading sessions, RIVN rose by +10.13%, which changed the moving average for the period of 200-days by -59.98% in comparison to the 20-day moving average, which settled at $9.24. In addition, Rivian Automotive Inc saw -55.97% 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 31,425 shares at the price of $13.18 back on Mar 11 ’24. After this action, Baker Jeff now owns 52,415 shares of Rivian Automotive Inc, valued at $414,219 using the latest closing price.
Gruner Kjell, the Chief Commercial Officer of Rivian Automotive Inc, sale 19,935 shares at $12.81 during a trade that took place back on Mar 08 ’24, which means that Gruner Kjell is holding 407,787 shares at $255,367 based on the most recent closing price.
Stock Fundamentals for RIVN
Current profitability levels for the company are sitting at:
- -1.29 for the present operating margin
- -0.46 for the gross margin
The net margin for Rivian Automotive Inc stands at -1.23. The total capital return value is set at -0.4. Equity return is now at value -47.36, with -31.19 for asset returns.
Based on Rivian Automotive Inc (RIVN), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at -1.08. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 26.09.
Currently, EBITDA for the company is -4.8 billion with net debt to EBITDA at 0.5. When we switch over and look at the enterprise to sales, we see a ratio of 1.64. The receivables turnover for the company is 27.54for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.95.
Conclusion
In a nutshell, Rivian Automotive Inc (RIVN) has experienced a mixed 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.
