UBS raised the price target for the Rivian Automotive Inc (NASDAQ:RIVN) stock from “a Sell” to “a Neutral”. The rating was released on Apr-17-24, according to finviz. The research report from Piper Sandler has upgraded the stock from Neutral to Overweight, with a price target set at $21. The stock was initiated by Jefferies, who disclosed in a research note on March 07, 2024, to Buy and set the price objective to $16. In their research brief published February 26, 2024, Truist analysts downgraded the Rivian Automotive Inc stock from Buy to Hold with a price target of $11.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -18.06% within the last five trades and -21.11% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -54.87% in the last 6 months and -51.12% was subtracted to its value over the previous 3 months. RIVN stock is trading at a margin of -17.01%, -28.50% and -52.64% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, RIVN deals in the Consumer Cyclical domain. The stock is trading -68.96 percent below its 52-week high and 4.69 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -41.39. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Rivian Automotive Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -129.43 percent and the profit margin is -122.51 percent, and the company has reported a gross margin of -52.01 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.51 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.92 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.92, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 28.35 percent of Rivian Automotive Inc shares are owned by insiders, and 50.57 percent are held by financial institutions. Baker Jeff, the Chief Accounting Officer at Rivian Automotive Inc (RIVN) has sold 31,425 shares of firm on Mar 11 ’24 at a price of $13.18 against the total amount of $0.41 million. In another inside trade, Gruner Kjell, Chief Commercial Officer of Rivian Automotive Inc (NASDAQ:RIVN) sold 19,935 shares of the firm on Mar 08 ’24 for a total worth of $0.26 million at a price of $12.81. An inside trade which took place on Feb 16 ’24, Chief Financial Officer of Rivian Automotive Inc McDonough Claire sold 2,946 shares of firm against total price of $47725.0 at the cost of $16.20 per share.
