A Tale of Resilience: Rivian Automotive Inc Amid Stock Market Turbulence

Rivian Automotive Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $28.06 on 07/27/23, and the lowest price during that time was $10.05, recorded on 02/26/24.

52-week price history of RIVN Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Rivian Automotive Inc’s current trading price is -60.87% away from its 52-week high, while its distance from the 52-week low is 9.25%. The stock’s price range during this period has fluctuated between $10.05 and $28.06. Shares of the company, which operates in the Consumer Cyclical sector, recorded a trading volume of around 12.81 million for the day, which was evidently lower than the average daily volume of 43.04 million over the last three months.

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Financial Performance and Market Capitalization

Rivian Automotive Inc (RIVN) has experienced a quarterly decline of -53.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.73B and boasts a workforce of 16790 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 16.13, with a change in price of -6.77. Similarly, Rivian Automotive Inc recorded 41,495,098 in trading volume during the last 100 days, posting a change of -38.26%.

RIVN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for RIVN stands at 0.54. Similarly, the long-term debt-to-equity ratio is also 0.53.

RIVN Stock Stochastic Average

The raw stochastic average for Rivian Automotive Inc over the last 50 days is presently at 13.00%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 17.53%. Further, the company’s Stochastic %K and %D values for the last 20 days were 17.84% and 16.75%, respectively.

RIVN Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. This year’s metric has recorded a Price decrease of -53.20%. However, over the past six months, we’ve seen a stronger performance of -52.43%. The price of RIVN leaped by -3.00% over the last 30 days. And in the last five days, it has surged by 1.67%.

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