The stock of Rivian Automotive Inc (NASDAQ:RIVN) last traded at $11.02, up 2.51% from the previous session.
RIVN stock price is now -13.30% away from the 50-day moving average and -13.46% away from the 200-day moving average. The market capitalization of the company currently stands at $12.46B.
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With the price target of $12.70, TD Cowen recently initiated with Hold rating for Rivian Automotive Inc (NASDAQ: RIVN). On February 24, 2025, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $13 to quote $10, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, Scaringe Robert J, Chief Executive Officer sold 71,429 shares of the company’s stock on Mar 12 ’25. The stock was sold for $803,576 at an average price of $11.25. Upon completion of the transaction, the Chief Executive Officer now directly owns 853,011 shares in the company, valued at $9.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’25, Officer ROBERT J. SCARINGE bought 71,429 shares of the business’s stock. A total of $803,576 was incurred on buying the stock at an average price of $11.25. A total of 33.00% 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 $18.85. As of last week, the company has a debt-to-equity ratio of 0.76, a current ratio of 4.70, and a quick ratio of 3.70. The fifty day moving average price for RIVN is $12.7101 and a two-hundred day moving average price translates $12.7335 for the stock.
The latest earnings results from Rivian Automotive Inc (NASDAQ: RIVN) was released for 2024-12-31. The net profit margin was -95.51% and return on equity was -60.48% for RIVN. The company reported revenue of $1.73 billion for the quarter, compared to $1.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.86 percent.
