The market performance of Rivian Automotive Inc’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $24.61 on 12/26/23, while the lowest value for the same duration was $8.26 on 04/16/24.
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 -59.21% away from its 52-week high, while its distance from the 52-week low is 21.55%. The stock’s price range during this period has spanned from $8.26 to $24.61. In the Consumer Cyclical sector, the Rivian Automotive Inc’s shares surpassed a trading volume of approximately 18.3 million for the day, which was noticeably lower compared to the average daily volume of 9.29.23 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Rivian Automotive Inc (RIVN) has experienced a quarterly decline of -41.70% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.12B and boasts a workforce of 16790 employees.
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 13.20, with a change in price of -0.38. Similarly, Rivian Automotive Inc recorded 36,943,090 in trading volume during the last 100 days, posting a change of -3.65%.
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 0.86. Similarly, the long-term debt-to-equity ratio is also 0.86.
RIVN Stock Stochastic Average
Today, Rivian Automotive Inc’s raw stochastic average for the past 50 days stands at 4.39%, indicating a decline from the raw stochastic average of the last 20 days, which was 9.13%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 9.62% and 10.02% respectively.
RIVN Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -57.20% this year. Over the last six months, there has been a weaker performance of 16.34%. The price of RIVN leaped by -23.65% during the last 30 days period. For the last 5-days stocks have slided -4.38%.
