The price of Rivian Automotive Inc (NASDAQ:RIVN) shares last traded on Wall Street rose 1.71% to $11.91.
RIVN stock price is now -18.21% away from the 50-day moving average and -14.22% away from the 200-day moving average. The market capitalization of the company currently stands at $12.01B.
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, while ‘Needham’ rates the stock as ‘Buy’
In other news, ROBERT J. SCARINGE, Officer bought 83,333 shares of the company’s stock on Sep 23 ’24. The stock was bought for $969,588 at an average price of $11.64. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Chief Executive Officer Scaringe Robert J sold 83,333 shares of the business’s stock. A total of $1,140,012 was realized by selling the stock at an average price of $13.68. This leaves the insider owning 886,526 shares of the company worth $10.56 million. A total of 27.55% of the company’s stock is owned by insiders.
During the past 12 months, Rivian Automotive Inc has had a low of $8.26 and a high of $24.87. As of last week, the company has a debt-to-equity ratio of 0.86, a current ratio of 5.25, and a quick ratio of 4.01. The fifty day moving average price for RIVN is $14.4385 and a two-hundred day moving average price translates $13.856125 for the stock.
The latest earnings results from Rivian Automotive Inc (NASDAQ: RIVN) was released for 2024-06-30. The net profit margin was -115.50% and return on equity was -62.50% for RIVN. The company reported revenue of $1.16 billion for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.3 percent.
