Rivian Automotive Inc (NASDAQ: RIVN)’s stock price has plunge by 0.19relation to previous closing price of 10.33. Nevertheless, the company has seen a -6.84% plunge in its stock price over the last five trading sessions. investorplace.com reported 2024-06-21 that As one of the most prominent players in the electric vehicle space, Rivian Automotive (NASDAQ: RIVN ) is now starting to lose its shine. Although the company surpassed Q1 estimates, long-term stability is still likely not viable for the EV company.
Is It Worth Investing in Rivian Automotive Inc (NASDAQ: RIVN) Right Now?
Company’s 36-month beta value is 1.99.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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for RIVN is 717.56M, and currently, short sellers hold a 18.60% ratio of that floaft. The average trading volume of RIVN on June 21, 2024 was 36.65M shares.
RIVN’s Market Performance
RIVN stock saw an increase of -6.84% in the past week, with a monthly gain of 2.99% and a quarterly increase of -7.34%. The volatility ratio for the week is 5.20%, and the volatility levels for the last 30 days are 5.34% for Rivian Automotive Inc (RIVN). The simple moving average for the past 20 days is -6.23% for RIVN’s stock, with a -32.85% simple moving average for the past 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 1.68% 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 -63.11% of loss for the given period.
Volatility was left at 5.34%, however, over the last 30 days, the volatility rate increased by 5.20%, as shares sank -3.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.83% upper at present.
During the last 5 trading sessions, RIVN fell by -6.80%, which changed the moving average for the period of 200-days by -55.73% in comparison to the 20-day moving average, which settled at $11.02. In addition, Rivian Automotive Inc saw -55.88% 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 Scaringe Robert J, who sale 71,429 shares at the price of $11.49 back on Jun 10 ’24. After this action, Scaringe Robert J now owns 909,691 shares of Rivian Automotive Inc, valued at $820,891 using the latest closing price.
McDonough Claire, the Chief Financial Officer of Rivian Automotive Inc, sale 3,210 shares at $10.25 during a trade that took place back on May 16 ’24, which means that McDonough Claire is holding 405,422 shares at $32,902 based on the most recent closing price.
Stock Fundamentals for RIVN
Current profitability levels for the company are sitting at:
- -1.16 for the present operating margin
- -0.41 for the gross margin
The net margin for Rivian Automotive Inc stands at -1.11. The total capital return value is set at -0.43. Equity return is now at value -53.14, with -32.60 for asset returns.
Based on Rivian Automotive Inc (RIVN), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at -0.9. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 31.64.
Currently, EBITDA for the company is -4.8 billion with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.89. The receivables turnover for the company is 12.79for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.71.
Conclusion
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.
