In yesterday’s Wall Street session, Rivian Automotive Inc (NASDAQ:RIVN) shares traded at $13.49, down -2.60% from the previous session.
RIVN stock price is now 8.74% away from the 50-day moving average and 10.65% away from the 200-day moving average. The market capitalization of the company currently stands at $13.77B.
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With the price target reduced from $18 to $16, Robert W. Baird Downgraded its rating from Outperform to Neutral for Rivian Automotive Inc (NASDAQ: RIVN). On December 09, 2024, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $18, while ‘BofA Securities’ rates the stock as ‘Neutral’
In other news, Scaringe Robert J, Chief Executive Officer sold 71,429 shares of the company’s stock on Jan 06 ’25. The stock was sold for $1,155,093 at an average price of $16.17. Upon completion of the transaction, the Chief Executive Officer now directly owns 863,361 shares in the company, valued at $11.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Officer ROBERT J. SCARINGE bought 71,429 shares of the business’s stock. A total of $1,155,086 was incurred on buying the stock at an average price of $16.17. A total of 27.21% 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 $19.12. As of last week, the company has a debt-to-equity ratio of 0.99, a current ratio of 5.09, and a quick ratio of 3.70. The fifty day moving average price for RIVN is $12.3453 and a two-hundred day moving average price translates $12.1764 for the stock.
The latest earnings results from Rivian Automotive Inc (NASDAQ: RIVN) was released for 2024-09-30. The net profit margin was -121.38% and return on equity was -67.16% for RIVN. The company reported revenue of $874.0 million for the quarter, compared to $1.34 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.63 percent.
