Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Rivian Automotive Inc’s current trading price is -49.02% away from its 52-week high, while its distance from the 52-week low is 42.98%. The stock’s price range over this period has fluctuated between $11.68 and $32.76. The company, operating within the financial sector, had a trading volume of approximately 30.15 million for the day, which was noticeably lower than the average daily share volume of 36.51 million over the last 3 months.
At present, Rivian Automotive Inc (RIVN) has a stock price of $16.70. In the previous session, the stock saw a rise, peaking at $16.95 after an opening price of $16.48. The day’s lowest price was $16.30, and it closed at $16.39.
Rivian Automotive Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $32.76 on 11/18/22, while the lowest price for the same period was registered at $11.68 on 04/26/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Rivian Automotive Inc (RIVN) has experienced a quarterly decline of -21.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.97B and boasts a workforce of 14122 employees.
Rivian Automotive Inc: What Analysts Are Saying
As of right now, 15 analysts are rating Rivian Automotive Inc as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 6 analysts are recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 analyst is rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 21.31, with a change in price of +2.06. Similarly, Rivian Automotive Inc recorded 47,535,098 in trading volume during the last 100 days, posting a change of +14.07%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for RIVN stands at 0.29. Similarly, the long-term debt-to-equity ratio is also 0.29.
RIVN Stock Stochastic Average
Today’s raw stochastic average for Rivian Automotive Inc over the last 50 days is 16.21%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 43.29%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 45.39% and 42.82%, respectively.
RIVN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a loss of -9.39%.However, over the last six months, we can see a weaker performance of 23.98%. Over the last 30 days, the price of RIVN has leaped by -2.68%. And in the last five days, it has surged by 8.44%.