The present stock price for Rivian Automotive Inc. (RIVN) is $23.71. In the last trading session, the stock made a considerable jump, reaching $24.4212 after an opening price of $24.03. The stock briefly fell to $23.41 before ending the session at $24.18.
Rivian Automotive Inc. saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $39.81 on 09/19/22, while the lowest price for the same duration was marked at $11.68 on 04/26/23.
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52-week price history of RIVN Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Rivian Automotive Inc.’s current trading price is -40.44% away from its 52-week high, while its distance from the 52-week low is 103.00%. The stock’s price range during this period has spanned from $11.68 to $39.81. In the Consumer Cyclical sector, the Rivian Automotive Inc.’s shares surpassed a trading volume of approximately 20.38 million for the day, which was noticeably lower compared to the average daily volume of 9.50.06 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Rivian Automotive Inc. (RIVN) has experienced a quarterly rise of 59.34% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 22.42B and boasts a workforce of 14122 employees.
A Closer Look at Analysts’ Ratings for Rivian Automotive Inc.
As of right now, 11 analysts are rating Rivian Automotive Inc. as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts are recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 19.16, with a change in price of +11.71. Similarly, Rivian Automotive Inc. recorded 40,678,543 in trading volume during the last 100 days, posting a change of +97.58%.
Examining RIVN’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for RIVN stands at 0.23. Similarly, the long-term debt-to-equity ratio is also 0.23.
RIVN Stock Stochastic Average
Today, Rivian Automotive Inc.’s raw stochastic average for the past 50 days stands at 49.30%, indicating a decline from the raw stochastic average of the last 20 days, which was 82.30%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 88.90% and 86.43% respectively.
RIVN Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 28.65% this year. Over the last six months, there has been a weaker performance of 82.24%. The price of RIVN fallen by 13.17% during the last 30 days period. For the last 5-days stocks have improved 1.28%.
