Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Rivian Automotive Inc’s current trading price is -58.64% away from its 52-week high, while its distance from the 52-week low is 23.24%. The stock’s price range during this period has varied between $8.26 and $24.61. The company, active in the Consumer Cyclical sector, saw a trading volume of around 20.03 million for the day, considerably lower average daily volume of 28.83 million observed over the last three months.
Rivian Automotive Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $24.61 on 12/26/23, and the lowest price during the same period was recorded at $8.26 on 04/16/24.
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How Financial Performance Impacts Market Capitalization
Rivian Automotive Inc (RIVN) has experienced a quarterly decline of -30.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.35B and boasts a workforce of 16790 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.10, with a change in price of -1.65. Similarly, Rivian Automotive Inc recorded 36,449,043 in trading volume during the last 100 days, posting a change of -13.95%.
How RIVN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its 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
As of today, the raw stochastic average of Rivian Automotive Inc over the past 50 days is 7.25%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 21.10%. Additionally, the Stochastic %K and %D values for the company were 28.74% and 41.10%, respectively, over the past 20 days.
RIVN Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -56.61%.However, over the last six months, we can see a weaker performance of 1.09%. Over the last 30 days, the price of RIVN has leaped by -5.57%. And in the last five days, it has fallen by -2.58%.
