Let’s start up with the current stock price of Rivian Automotive Inc. (RIVN), which is $12.85 to be very precise. The Stock rose vividly during the last session to $13.50 after opening rate of $13.08 while the lowest price it went was recorded $12.91 before closing at $13.46.Recently in News on March 8, 2023, Rivian Automotive, Inc. Prices $1.3 Billion Green Convertible Senior Notes Offering. Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced the pricing of its offering of $1,300,000,000 aggregate principal amount of 4.625% green convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on March 10, 2023, subject to customary closing conditions. Rivian also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $200,000,000 principal amount of notes. You can read further details here
Rivian Automotive Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $56.76 on 03/30/22, with the lowest value was $12.80 for the same time period, recorded on 03/15/23.
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Rivian Automotive Inc. (RIVN) full year performance was -69.11%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Rivian Automotive Inc. shares are logging -77.37% during the 52-week period from high price, and 0.39% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $12.80 and $56.76.
The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 11469665 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Rivian Automotive Inc. (RIVN) recorded performance in the market was -30.30%, having the revenues showcasing -47.66% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 12.80B, as it employees total of 14122 workers.
Rivian Automotive Inc. (RIVN) in the eye of market guru’s
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 22.75, with a change in the price was noted -19.01. In a similar fashion, Rivian Automotive Inc. posted a movement of -59.56% for the period of last 100 days, recording 24,337,250 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RIVN is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.09.
Rivian Automotive Inc. (RIVN): Stocks Technical analysis and Trends
Raw Stochastic average of Rivian Automotive Inc. in the period of last 50 days is set at 1.24%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.48%. In the last 20 days, the company’s Stochastic %K was 3.87% and its Stochastic %D was recorded 3.79%.
If we look into the earlier routines of Rivian Automotive Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -30.30%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -67.64%, alongside a downfall of -69.11% for the period of the last 12 months. The shares increased approximately by -9.29% in the 7-day charts and went up by -39.27% in the period of the last 30 days. Common stock shares were lifted by -47.66% during last recorded quarter.
