Rivian Automotive Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $24.30 on 12/28/23 and a low of $8.26 for the same time frame on 04/16/24.
52-week price history of RIVN Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Rivian Automotive Inc’s current trading price is -43.83% away from its 52-week high, while its distance from the 52-week low is 65.25%. The stock’s price range during the 52-week period has remained between $8.26 and $24.30. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 21.48 million for the day, which was evidently lower than the average daily volume of 38.23 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 17.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 13.55B 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 12.10, with a change in price of -1.15. Similarly, Rivian Automotive Inc recorded 34,705,895 in trading volume during the last 100 days, posting a change of -7.77%.
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 0.99. Similarly, the long-term debt-to-equity ratio is also 0.99.
RIVN Stock Stochastic Average
As of today, Rivian Automotive Inc’s raw stochastic average for the last 50 days stands at 69.28%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 53.71%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 61.25% and 64.29%, 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 -41.82%. However, over the past six months, we’ve seen a weaker performance of 1.71%. The price of RIVN fallen by 18.18% over the last 30 days. And in the last five days, it has surged by 4.52%.
