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 -33.39% away from its 52-week high, while its distance from the 52-week low is 52.06%. The stock’s price range over this period has fluctuated between $8.26 and $18.85. The company, operating within the financial sector, had a trading volume of approximately 20.22 million for the day, which was noticeably lower than the average daily share volume of 41.85 million over the last 3 months.
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 $18.85 on 07/12/24, while the lowest value for the same duration was $8.26 on 04/16/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Rivian Automotive Inc (RIVN) has experienced a quarterly rise of 19.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.82B and boasts a workforce of 16790 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.09, with a change in price of -0.67. Similarly, Rivian Automotive Inc recorded 37,014,805 in trading volume during the last 100 days, posting a change of -5.06%.
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 0.99. Similarly, the long-term debt-to-equity ratio is also 0.99.
RIVN Stock Stochastic Average
Today’s raw stochastic average for Rivian Automotive Inc over the last 50 days is 39.85%.This indicates a increase from the raw stochastic average of the past 20 days, which was 8.71%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 7.29% and 8.88%, respectively.
RIVN Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded a decrease of -5.56%. However, over the last six months, the performance has been stronger by -23.46%. The price of RIVN decreased -7.51% over the last 30 days. And in the last five days, it has fallen by -1.64%.
