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 -34.18% away from its 52-week high, while its distance from the 52-week low is 50.24%. 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 35.88 million for the day, which was noticeably higher than the average daily share volume of 32.71 million over the last 3 months.
The market performance of Rivian Automotive Inc’s stock has been harmonious 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 decline of -11.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 14.03B and boasts a workforce of 14861 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.40, with a change in price of +2.31. Similarly, Rivian Automotive Inc recorded 37,241,434 in trading volume during the last 100 days, posting a change of +22.87%.
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 0.76. Similarly, the long-term debt-to-equity ratio is also 0.75.
RIVN Stock Stochastic Average
Today, Rivian Automotive Inc’s raw stochastic average for the past 50 days stands at 39.71%, indicating a decline from the raw stochastic average of the last 20 days, which was 68.44%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 77.55% and 83.67% 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 -6.69%. However, over the past six months, we’ve seen a weaker performance of 12.51%. The price of RIVN fallen by 6.98% over the last 30 days. And in the last five days, it has surged by 6.98%.
